Chevrolet Volt, Nissan Leaf will square off later this year
Volt, Leaf electric cars take different approaches to reduce oil consumption, emissions
Compact Volt will cover 40 miles on charge; use on-board generator for longer trips
Subcompact Leaf's bigger battery pack offers 100-mile range; not be capable of longer trips
Nissan has announced Leaf will retail for $25,280, after $7,500 federal tax credit
Volt's sticker price not revealed; expected to cost around $32,500 after same tax credit