General Motors is in the process of acquiring a trademark for the word “CrossVolt” which could be used for a future vehicle.

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If you’re eagerly awaiting a more family friendly Volt, or a more luxurious and sporty one, you’ll have to be patient. According to Nick Reilly, the head of GM Europe, the automaker isn’t planning to release any Volt spin-offs until 2015.

The reason for the date is that that’s when the current Volt’s life-cycle is up and GM is currently focused entirely on making the Volt a success. GM doesn’t want to split its attention on other models, and with the high price of the Volt’s high-tech components, future generations of the technology should be more affordable.

Two models currently being considered for production are the Volt MPV5 Concept, based on the Chevy Orlando platform, as well as the Cadillac ELR Concept.

GALLERY: Chevrolet Volt MPV5 Concept

GALLERY: Cadillac ELR Concept

[Source: AutoNews via CNET]