The CEO of GM, Daniel F. Akerson, announced Tuesday that he is aiming to produce 120,000 Chevy Volts in 2012, a 1100% expansion over the 10,000 Volts planned for 2011. GM had initially hoped to produce 45,000 Volts in 2012 but due to runaway demand has increased the production quota as well as going on the record to say that the Volt will be available in all 50 US states by the Autumn of this year.

“We’re accelerating our launch plan to have Volts in all participating Chevrolet dealerships in every single state in the union by the end of this year,” said Rick Scheidt, U.S. V.P. of Chevrolet Marketing. “This is the right thing to do for our customers and our dealers who are seeing increased traffic onto their showroom floors.”

Many of the dealers who had the Volt in stock sold out their entire inventory before the cars were delivered to the sales lot from the factory, with many of the new customers coming from competing brands.

The Volt won Motor Trend Car of the Year and the North American Car of the Year in 2010, beating out the Nissan Leaf to both awards, many analysts believe that the Volt’s increased range over the Leaf (380 miles vs 100 miles) will allay “range anxiety” and possibly lead to the Volt becoming to “Model T Ford” of electric cars.

GM announced Thursday that it has decided not to borrow an additional 14.4 billion from the US reserve, a sign viewed by many analysts as GM’s departure from near collapse. GM stock rose 2.1% on the news before the markets closed.

What do you think? Would you choose a Volt over a Leaf? Or are you waiting for another electric car that is yet to be released?

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