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Page 1: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate
Page 2: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

The Volt Customer ExperienceThe Volt Customer Experience

Page 3: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate
Page 4: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

• People look to me for advice when it comes to new cars and/or electronics

• I am typically the first to have the latest technology

• I am willing to try something new and unproven when making a big purchase

• I read about technological advancements/new product introductions nearly every day

• I know a lot about the latest technologies and can’t wait to own what is coming next

• People look to me for advice when it comes to new cars and/or electronics

• I am typically the first to have the latest technology

• I am willing to try something new and unproven when making a big purchase

• I read about technological advancements/new product introductions nearly every day

• I know a lot about the latest technologies and can’t wait to own what is coming next

Current Volt Buyers Are Primarily Early Technology Adopters Current Volt Buyers Are Primarily Early Technology Adopters

Early Buyer Survey Wave 2

Predominately Male 90%

College Graduate 80%

Advanced Degree 45%

Work Full Time 65%

Page 5: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

• 74% replaced a vehicle in their household when they purchased the Volt– Toyota, Honda and Chevrolet were the makes replaced most often– 86% replaced a non-GM vehicle

• A significant percentage of buyers replaced a luxury vehicle with the Volt

• 74% replaced a vehicle in their household when they purchased the Volt– Toyota, Honda and Chevrolet were the makes replaced most often– 86% replaced a non-GM vehicle

• A significant percentage of buyers replaced a luxury vehicle with the Volt

Volt is Attracting Buyers from Luxury SegmentsVolt is Attracting Buyers from Luxury Segments

Make ReplacedToyota 18%Honda 15%Chevrolet 10%BMW 7%Lexus 7%Mercedes Benz 4%Volkswagen 4%

Model Replaced

Toyota Prius 12%

Honda Accord 5%

Honda Civic Hybrid 5%

BMW 3-Series 3%

All others <3%

All others <3%

GM

CONQUEST(replaced non-GM)

Q. What is the make/model of the vehicle you replaced? Source: Volt Early Buyer Study

Page 6: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

• Reducing dependence on foreign oil

• Presence of an onboard generator

• American made

• Technological innovation

• Drive gas free

• Environmentally friendly

• Reducing dependence on foreign oil

• Presence of an onboard generator

• American made

• Technological innovation

• Drive gas free

• Environmentally friendly

Top Reasons for PurchaseTop Reasons for Purchase

Source: Volt Early Buyer Study

Page 7: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

• Volt Buyers will change over time• Each successive wave of consumers relies on the experiences and

recommendations of previous buyers • Early buyers will serve as advocates and influencers for future buyers

• Volt Buyers will change over time• Each successive wave of consumers relies on the experiences and

recommendations of previous buyers• Early buyers will serve as advocates and influencers for future buyers

Today’s Volt Buyers Are InfluencersToday’s Volt Buyers Are Influencers

Fast Followers 

(including 

influencers)

EarlyAdopters

Non‐Early 

Adopters

Page 8: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate
Page 9: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

• 2/3 of miles driven are electric

• 1.4 million electric miles to date

• Driving about 1 month/900 miles between fill ups

• Volt is being used as expected – Customers are primarily

driving electrically

– Range extender is critical to Volt’s success

• 2/3 of miles driven are electric

• 1.4 million electric miles to date

• Driving about 1 month/900 miles between fill ups

• Volt is being used as expected – Customers are primarily

driving electrically

– Range extender is critical to Volt’s success

OnStar Data Collected through May…OnStar Data Collected through May…

Source: OnStar

Page 10: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

Customer Charging ExperiencesCustomer Charging Experiences240V Charging

• 50% of Volt customers have installed a 240V home charger– About half of 240V home charging customers are taking advantage of the Department of

Energy programs

Satisfaction

• Those that had the 240V charging station enjoyed the flexibility to recharge completely in about 4 hours. This time frame was not perceived as a constraint.

• Those who use a 240V home charger were more likely to be ‘completely satisfied’ with the charging experience. – 93% completely or very satisfied

Public Charging

• There was limited experience with public charging

240V Charging

• 50% of Volt customers have installed a 240V home charger– About half of 240V home charging customers are taking advantage of the Department of

Energy programs

Satisfaction

• Those that had the 240V charging station enjoyed the flexibility to recharge completely in about 4 hours. This time frame was not perceived as a constraint.

• Those who use a 240V home charger were more likely to be ‘completely satisfied’ with the charging experience.– 93% completely or very satisfied

Public Charging

• There was limited experience with public charging

Page 11: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate
Page 12: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

• As informed as our current buyers are… the mainstream market is still confused – More consumer education

needed as we move into the mass market

– Confusing MPGe terms

– Associate EVs with golf cart/poor performance

– Range variability

• As informed as our current buyers are… the mainstream market is still confused– More consumer education

needed as we move into the mass market

– Confusing MPGe terms

– Associate EVs with golf cart/poor performance

– Range variability

Mass Market Challenges Mass Market Challenges

Page 13: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate
Page 14: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

Very well received

But too much of a good thing…

Very well received

But too much of a good thing…

Volt Advisors Volt Advisors

Page 15: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate
Page 16: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

• “The Volt performance is outstanding. It feels great to drive. I could never go back.”

• “Drives beautifully – lots of pep and it handles curves like a luxury car.”

• “Uses virtually no gasoline. Good looking car. Drives nicely. Center stack command center is nice.”

• “The Volt performance is outstanding. It feels great to drive. I could never go back.”

• “Drives beautifully – lots of pep and it handles curves like a luxury car.”

• “Uses virtually no gasoline. Good looking car. Drives nicely. Center stack command center is nice.”

Customer Quotes…Customer Quotes…

Page 17: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

It is extremely quick, 

quiet and 

comfortable.  It has 

the feeling and ride 

of my 1999 Lexus 

GS‐400.

Can't get the grin off my face. 

All the joy of an electric, none 

of the worry.

I want this to be sold 

EVERYWHERE to EVERYONE. 

With a million Volts we'd 

reduce our oil dependency a 

great deal.

Environmentally 

friendly, breakthrough 

technology, very high 

quality, no user 

compromises.  A huge 

first step on our 

journey away from 

gas powered  vehicles.

A fun to drive mid‐size luxury 

hi‐tech advanced electric .  A 

Prius

killer.  A life saver for 

the human race.  A protector 

of the American way of life.  

My office on wheels.  An 

example to the world of 

American technology. 

New and exciting. The 

best thing Chevy has 

done since the 1957 

Chevy Bel

Air.

First Customers Describe Their Volt….First Customers Describe Their Volt….

Page 18: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate

Volt buyers lead the segment and are in the top 10 for all vehicles in satisfaction with the product and recommendation of the manufacturer

Volt buyers lead the segment and are in the top 10 for all vehicles in satisfaction with the product and recommendation of the manufacturer

Source: 2011 NVCS Q1 (Oct – Dec 2010)

New Vehicle Experience

18

Source: 2011 NVCS Q1 (Oct – Dec 2010) with sample size over 50

Volt n=50, Prius n= 232

Page 19: The Volt Customer Experience - Automotive News€¦ · Top Reasons for Purchase. Source: ... • Early buyers will serve as advocates and influencers for future buyers ... – Associate