General Motors will unveil at the upcoming Detroit Auto Show an electric car concept that would preview an EV that would challenge Tesla Motor’s offerings with its 200-miles range, a source privy with the matter told Automotive News.
GM is planning to launch a production version of the Chevrolet Bolt concept by 2017. The carmaker will also unveil its redesigned Volt plug-in hybrid at the Detroit auto show. It registered for the Chevrolet Bolt trademark in August 2014.
According to the source, the Bolt bears a hatchback body style and is larger than the Bolt. It will have starting price of between $30,000 and $35,000, which means a buyer could purchase it under $30,000 once a federal tax credit is counted.
The Wall Street Journal has reported that the Bolt would feature "more capable" batteries from LG Chem, which also supplies battery cells installed in the Volt. With it price range and launch timing, the production version of the Bolt would go head-to-head with the Tesla Model 3, which would be tagged at around $35,000 when launched in 2017.
In October, GM global product chief Mark Reuss divulged that Chevrolet was planning to add an EV to its lineup to join the Volt and the Spark EV minicar. He recently indicated GM's continued commitment to EV in an interview with Automotive News, saying that the carmaker will follow up its EV offerings to avoid making the same mistake again.