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The main difference that I see between the prius and the volt is that the volt can go faster and farther on electric.
For the same less money tho, you can buy a brand new prius and a large enough plug in battery pack to give it a 40 mile all electric range, so I can only imagine that once Toyota comes out with a plug in hybrid, that is designed to be driven as a plug in, that it will be cheaper then the volt with a comparable range.
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