General Motors sets Bolt electric car cost at $37,495

by SpeedLux
Chevrolet Bolts electrical vehicle

General Motors on Tuesday announced its Chevrolet Bolt electrical vehicle will cost less than $30,000 after tax breaks, a price that makes it significantly cheaper than the average brand-new U.S. car and establishes a test of whether the innovation can go mainstream in the United States.

The least pricey Bolt will begin at $37,495 prior to a $7,500 federal tax credit, indicating it would sell for $29,995, General Motors stated. The average U.S. cost of a new automobile was $34,143 in August, as per Kelley Blue Book.

The Bolt will have a driving range of 238 miles on a full charge, considerably more than any currently offered electric vehicle at a comparable cost.

However, experts familiar with General Motors’s plans say the Bolt will at first be a low-volume specific niche design with production of less than 30,000 cars each year. Fully electrical automobiles presently represent less than 1 percent of U.S. automobile and light truck sales.

General Motors executives had indicated the Bolt’s cost would be close to $37,500, but with the rate now set, General Motors will speed up efforts to take thunder from competing Tesla Motors Inc, which has promised to provide its new Model 3 next July with 215 miles of driving range on a full charge at a cost of $35,000.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More