 General Motors CEO Edward Whitacre Jr. rejected as " ridiculous " criticism that the Volt 's price is too expensive . He said that " I think it 's a very fair price . It 's the only car that will go coast to coast on electricity without plugging it in , and nobody else can come close . " Despite the federal government being the major GM shareholder due to the 2009 government @-@ led bankruptcy of the automaker , during a press briefing at the White House a Treasury official clarified that the federal government did not have any input on the pricing of the 2011 Chevrolet Volt . 
