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We Hear: $30,000 Chevrolet Bolt EV w/ 200-Mile Range Coming to Detroit

Motor Trend logo Motor Trend 1/10/2015 Jason Udy
We Hear: $30,000 Chevrolet Bolt EV w/ 200-Mile Range Coming to Detroit

In order to compete with the upcoming Tesla Model 3 (expected in 2017), GM will show the Chevrolet Bolt electric vehicle concept at the 2015 Detroit auto show, according to The Wall Street Journal. The Chevrolet Bolt is said to have a 200-mile range and cost around $30,000 when it arrives in 2017, which could undercut the Model 3 by about $5000.

Like the Chevrolet Volt extended range plug-in hybrid, LG Chem will supply the battery pack for the Bolt EV. The Volt’s batteries are built in the battery supplier’s Michigan plant, which is said to be capable of building 60,000 Volt battery packs or 20,000 Bolt battery packs or any combination of the two. With an electric range more than four times that of the Volt and no gasoline engine, the Bolt will have a much larger battery pack than the Volt PHEV sedan.

Unlike the Tesla Model 3 sedan, the Chevrolet Bolt concept “will be a hatchback designed to look more like a so-called crossover vehicle,” the news outlet reports. The Bolt EV, however, won’t compete with the upcoming Tesla Model X crossover that stems from the Model S sedan.

GM will sell the Bolt as a Chevrolet so it can compete in global markets and a similar name to the Volt will help with name recognition. No word on whether the automaker will sell a similar vehicle under a different brand like it did with the Volt-based and slow selling $75,000 Cadillac ELR coupe.

While GM CEO Mary Barra wants to have 500,000 hybrid, PHEV, and EV vehicles on the road by 2017. Tesla’s Elon Musk hopes to sale 500,000 EVs per year by 2020. GM has sold less than 90,000 Volt PHEV sedans globally since it went on sale in late 2010.Tesla is finalizing its plans for its new Gigafactory battery manufacturing plant in Nevada.

2016 Chevrolet Volt© Provided by MotorTrend 2016 Chevrolet Volt

GM will also show the redesigned 2016 Chevrolet Volt at the 2015 Detroit auto show next week. That model has been teased at the 2014 Los Angeles auto show as well as earlier this week at the 2014 Consumer Electronics Show.

Source: The Wall Street Journal

Teaser images of the 2016 Chevrolet Volt are shown.

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