Chevrolet has announced plans to ramp up production on its electric-hybrid Volt after a factory overhaul.

In order for the factory, located in Detroit-Hamtramck, to prepare for the changes, GM will close the factory at the beginning of June for at least four weeks. However, the lost production time will be made up immediately in increased efficiency. When all is said and done, the plant will actually produce 1,000 more Volts this year than the originally planned total of 15,000.

While the changes will have an effect on production this year, GM is really looking toward the future. Production for Volts has been increased for 2012 from 45,000 to 60,000. In addition, the factory will also be responsible for manufacturing the 2013 Malibu, beginning next year.

The move is largely seen as a reaction to the growing demand for fuel-efficient vehicles. The Volt has been available for some time, but has still only been released in limited markets. The increase in production is a sign that the car is catching on and GM is putting its full support behind the electric vehicle.

Recent news about the Volt from Kelley Blue Book suggests that the $41,000 will retail for about $17,000 if bought used in three years, so drivers may want to wait until they hit the used car market before making a move.