By 2017, General Motors will have an electric car that has a range of 200 miles, a person privy with the carmaker told Automotive News. GM unveiled a concept of the EV -- the Chevrolet Bolt -- at the ongoing Detroit Auto Show. The car will be larger than the Chevrolet Volt and will feature a hatchback body style, the source disclosed.
It will be sold at a starting price of between $30,000 and $35,000 – similar to the range planned for the Tesla Model 3, which the Bolt is pitted against.
Both the Bolt and the Model 3 are expected to be launched in 2017. The net price of the Bolt would go down under $30,000 after a federal tax credit. GM registered for the Chevrolet Bolt trademark in August, according to GM Authority.com.
AutoPacific analyst Dave Sullivan, however, sees the Bolt as more than just a Tesla rival. He remarked to Automotive News that GM will use the Bolt to learn “how to market extended range alternative fuel vehicles,” adding that the model is the incremental step to fuel cell vehicles.
According to The Wall Street Journal, the new Chevy Bolt would be feature "more capable" batteries from LG Chem, the same South Korean supplier that provides the battery cells that in the Volt. GM global product chief Mark Reuss remarked to analysts in October 2014 that Chevrolet was planning to add an EV to its lineup, in addition to the Volt and the Spark EV minicar.