The Chevy Bolt reaches factories

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Affordable EVs are about to hit the road

Even before the Tesla Model 3 enters production in most-likely mid-2017, a conventional automaker started manufacturing an affordable electrical car. In the autumn of 2016, GM’s Chevy Bolt hit the plants in Michigan and will be available for $30,000 in California and Oregon by the end of the year.

IHS estimates that GM will sell fewer than 30,000 units of the Bolt in the first year – which might appear poor compared to Tesla’s 400,000 pre-orders for the Model 3, but it may be the key moment for the electrical car industry. With its below-average price and a 238 mile-range, the Bolt bridges between affordable but range-limited models and long-ranged but costly offerings.