 PHEVs have a much larger all-electric range as compared to conventional gasoline-electric hybrids, and also eliminate the "range anxiety" associated with all-electric vehicles, because the combustion engine works as a backup when the batteries are depleted.Chinese battery manufacturer and automaker BYD Auto released the F3DM PHEV-62 (PHEV-100 km) hatchback to the Chinese fleet market on December 15, 2008, for 149,800 yuan (US$22,000).General Motors launched the 2011 Chevrolet Volt series plug-in in December 2010.