The driving range promised by Tesla Motors Inc for new Model 3 will be 215 miles on full charge. Depending on individual tax situations, customers may receive an available federal tax credit of up to $7,500.
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Moreover, according to the president of Chevy in North America, Alan Batey, he shared in a statement that the hallmark for Chevrolet is value in itself.
He also talked about how the company kept their promise, first by providing the range and now, the exact amount of the price.
It’s true that the Tesla Model S also provides an electric driving range of more than 200 miles, but that vehicle has a price tag of more than $66,000. Once the federal credits are applied, the pricing of the 2017 Chevrolet Bolt goes to $29,995 making it one of the cheapest EV that you could own in the market next year. The Los Angeles Times echoed the sentiment: “As the first mid-priced, long-range electric vehicle to hit the market, the Bolt could be the most convincing argument yet for mainstream acceptance of an electric vehicle”. It reiterated that it will start at $37,495 before any EV incentives for the base LT trim.
In addition, Stevens commented that the Bolt bore a few similarities with the Honda Fit and the Ford C-Max, musing that it “looks much bigger on the inside than it does on the outside”.
The likely reality for General Motors, of course, is that Tesla’s Model 3 will be tough to compete with. But the Bolt could be a breakthough because of its astounding range.
Tesla has said it received more than 370,000 reservations for the Model 3 since unveiling it March 31.
In the United States, the auto will cost less than $30,000, which will be $5,000 less than the Model 3 in American dollars. The more upscale Premier model adds standard heated leather seats, surround camera system, and the streaming video rearview mirror first seen in the Cadillac CT6.
Chevy Bolts will start rolling out of dealerships later this year.
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The company said in January it has no plans to fund the installation of any DC fast-charging infrastructure that would permit the Bolt EV or any other all-electric vehicle to be used on long Interstate road trips.
