[ad#post_ad]The Chevrolet Volt is on a remarkable roll. Two days ago the little car that could took home both the prestigious Motor Trend and Automobile magazine cars of the year awards.

Today GM jumped back into the stock market with a 6% rise in shares, making it the largest IPO in US history.

And now before the shares have even had the time to come back down, the Volt took home its third coveted automotive prize. It was named the 2011 Green Car of the Year by the Green Car journal.

The Volt beat out a host of the latest hybrid and electric cars including the Nissan LEAF. It is the first time in history an electric car was awarded this prize.

"This has been a long time coming," said Ron Cogan, editor and publisher of Green Car Journal and editor of GreenCar.com. "The electric vehicles that were test marketed in the 1990s tantalized us, but were without a solid business case. What a difference a decade makes. Now, Chevrolet has stepped up with an all-encompassing package in its Volt extended range electric car – a car deserving of the title 2011 Green Car of the Year®."

A strong factor leading to this decision has to do with the Volt's unique ability to allow owners to drive most of the time on electricity and to do so without range anxiety.

"The Green Car of the Year® award validates the Chevrolet team's promise to deliver a practical electric vehicle," said Joel Ewanick, VP, U.S. Marketing, General Motors. "The Volt's a transformational technology that will lead our industry into a new age of vehicle electrification."

Besides the Nissan LEAF, the Volt also beat out the Ford Fiesta, Hyundai Sonata Hybrid, and Lincoln MKZ Hybrid.

Onwards and upwards. Can the Volt score a grand slam an take North American Car of the Year? We will soon know.

Source ( Green Car Journal )