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General Motors’ 3rd generation eAssist propulsion systems build upon the experience gained from the 2nd generation 115v system and the 1st generation 36v system. Extensive architectural studies were conducted to optimize the new eAssist system to maintain the performance and fuel economy gains of the 2nd generation 115v system while preserving passenger and cargo space, and reducing cost. Three diverse vehicle applications have been brought to production. They include two similar pickup trucks with 5.3 liter V8 engines and 8 speed transmissions, a 4-door passenger car with 2.5 liter 4 cylinder normally aspirated gasoline engine and a 6-speed automatic transmission, and a crossover SUV with a 2.0-liter turbocharged engine and 9 speed transmission. The key electrification components are a new water cooled induction motor/generator (MG), new water cooled power electronics module, and two major variants of 86v lithium ion battery packs.

The Chevrolet Volt is an electric vehicle (EV) that operates exclusively on battery power as long as useful energy is available in the battery pack under normal conditions. After the battery is depleted of available energy, extended-range (ER) driving uses fuel energy in an internal combustion engine (ICE), an on-board generator, and a large electric driving motor. This extended-range electric vehicle (EREV) utilizes electric energy in an automobile more effectively than a plug-in hybrid electric vehicle (PHEV), which characteristically blends electric and engine power together during driving. A specialized EREV powertrain, called the "Voltec," drives the Volt through its entire range of speed and acceleration with battery power alone, within the limit of battery energy, thereby displacing more fuel with electricity, emitting less CO₂, and producing less cold-start emissions than a PHEV operating in real-world conditions.