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GM Aims to Keep Pace With Tesla by Offering Chevy Bolt for $37,495

20 September 2016

When Tesla Motors announced it would offer its third electric vehicle (EV) at a price of $35,000, this put the rest of the automotive industry on notice and the bar had been set for affordable, environmentally friendly cars.

Now General Motors (GM) has unveiled the starting price of its new Chevrolet Bolt EV to the tune of MSRP $37,495. The Chevy Bolt will travel 238 miles on a full charge, and depending upon tax situations consumers may be eligible for a federal tax credit of up to $7,500.

The Chevrolet Bolt EV has a distance of 238 miles on a full charge and is priced competitively to match that of the Tesla Model 3. Source: GM The Chevrolet Bolt EV has a distance of 238 miles on a full charge and is priced competitively to match that of the Tesla Model 3. Source: GM The Chevy Bolt includes sufficient cargo space, technology and safety features that come standard in other crossovers plus a Regen on Demand steering wheel paddle, rear-vision camera, 10.2-inch diagonal color touch screen and self-sealing tires. Other standard features include leather and heated seats, surround camera and rear-camera mirror.

“Value is a hallmark for Chevrolet and the pricing of the Bolt EV proves we’re serious about delivering the first affordable EV with plenty of range for our customers,” says Alan Batey, president of GM North America and leader of Global Chevrolet. “We have kept our promise yet again, first on range and now on price.”

While Tesla Model 3 is set to hit the market in late 2017, the Chevy Bolt EV will be available in late 2016.

To contact the author of this article, email engineering360editors@ihs.com

To contact the author of this article, email Peter.Brown@ieeeglobalspec.com


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