The best affordable EV out there at least until Tesla launches the Model 3

In early 2015, Chevrolet unveiled the Bolt EV Concept and promised it would become the first affordable electric car with more than 200 miles of range. Less than two years have passed since then and its seems that GM will keep its promise and deliver a production Bolt with an EPA-estimated range of 238 miles. That’s a whopping 131 miles more than the Nissan Leaf, a popular offering on the EV market, and the best mileage you’ll be able to get on an affordable car for the 2017 model year.

Speaking of pricing, Chevy says the Bolt is expected to cost less than $37,500. That’s before the available federal tax credit of $7,500, meaning some buyers will be able to take one home for less than $30,000. That’s significantly more expensive than the Volt and Spark EV, which can be had for as low as $25,750 and $18,495, respectively, but neither can provide the Bolt’s 200-mile range. While the Volt can travel for only 53 miles on electricity alone, the Spark EV is rated at 82 miles. The only EV that can deliver something similar is the Tesla Model S, but the base model, which is rated at 210 miles, starts from $66,000 before incentives.

This makes the Bolt quite an attractive package, at least until Tesla begins production of the Model 3 in late 2017.

As for Chevy’s electric hatchback, it will arrive in showroom in late 2016. However, the Bolt will be sold in select dealerships only, meaning you might not be able to buy it at the nearest Chevrolet showroom. Stay tuned for more info as the Bolt makes its way onto the production line.

Continue reading for the full story.

Why it Matters

Chevy Bolt Puts Nissan Leaf to Shame; Comes with 238-Mile Range
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While Tesla already offers two vehicles that can return more than 200 miles per charge, on top of tremendous performance figures, both the Model S and Model X are far from being affordable for the average Joe. This is where the Bolt steps in an offers an a package that includes seating for five people, decent luggage room, and a mileage that puts every other electric car priced under $40,000 to shame. This will probably change when the Tesla Model 3 hits the street, but until then, Chevy can brag about having the first affordable electric vehicle that can go for 200+ miles on a single charge.

2017 Chevrolet Bolt EV

2017 Chevrolet Bolt EV High Resolution Exterior
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Read our full review on the 2017 Chevrolet Bolt EV here.

Press Release

DETROIT – Chevrolet promised to offer the first affordable electric vehicle with 200 miles or more of range and will exceed those expectations when the 2017 Bolt EV goes on sale later this year. With the vehicle’s EPA-estimated range of 238 miles, owners can expect to go beyond their average daily driving needs — with plenty of range to spare — in the 2017 Bolt EV when charging regularly.

“Chevrolet showed the world the production version Bolt EV earlier this year and in a few short months we’ve moved from that vision to a reality,” said GM North America President Alan Batey. “The Bolt EV is a game changer for the electric car segment and it will start to become available at Chevrolet dealerships later this year.”

Bolt EV buyers won’t be able to find a better value for an all-electric, thrill-inducing ride with an expected MSRP below $37,500 and before available federal tax credit of up to $7,500*. Plenty of range, cargo space, technology and safety features make the Bolt EV a great package for any driver.

“While range is important, we knew Bolt EV owners would want more — more space and more power — and the Bolt EV delivers,” said Bolt EV Chief Engineer Josh Tavel. “Our team took special pride in optimizing every aspect of this vehicle, especially its impressive range and ride dynamics.”

When the Bolt EV arrives at select Chevrolet dealerships in late 2016, Chevrolet will offer a flavor of electrification to meet any customer’s needs. Whether it’s the pure electric Bolt EV, the Chevrolet Volt or the Chevrolet Malibu Hybrid, Chevrolet dealerships are full of affordable options for an efficient and engaging driving experience. More information on the Chevrolet electric family and the benefits of driving electric can be found at ChevyEVlife.com.

*Final Manufacturer’s Suggested Retail Price not yet announced and does not include, tax, title, license or optional equipment. Actual savings from the federal government depend on individual tax situations.

Founded in 1911 in Detroit, Chevrolet is now one of the world’s largest car brands, doing business in more than 115 countries and selling more than 4.0 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature engaging performance, design that makes the heart beat, passive and active safety features and easy-to-use technology, all at a value. More

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