I have been reading a book called "Surviving Transformation: Lessons from GM's Surprising Turnaround” (Vincent P. Barabba) and the Chevrolet Volt was mentioned several times along with earlier electric and/or fuel cells projects.As far as I know, the intent behind the Volt is not to be the first one to bring a plug-in hybrid and/or fuel-cell electric car to the market, but to be the first to bring out one that is truly overwhelmingly successful. (I.e: To be the one to expand the electric car market outside of just keen environmentalists and novelty car buyers.)
It seems as though GM aiming to make the Volt a kind of 21st century equivalent to Ford’s Model T in so far as to successfully mass-produce and market a technology that was for many years considered too expensive and/or impractical.
If this IS the intent of the Volt, then I would not be surprised to see others beat GM to the table.
However, if GM does manage to make a viable Lithium-Ion battery, they will have a huge advantage over those who rushed in before them using the considerable more expensive Nickel-Hydride type.