Chevrolet Bolt News
Starting on April 1, GM began offering a national lease on the entry-level LT trim of the Chevy Bolt EV—starting at $329 for 36 months with $3,809 due at signing. While the Bolt lease deal is attractive, there are other EVs offered with even more enticing lease prices. Meanwhile, the wait continues on the Tesla Model 3, which might prove to be significantly more expensive than the Bolt.
For all the advances in electric car technology, sales of plug-in cars still represent only about one percent of the new car market. For years, common wisdom suggested that high purchase prices and low driving range were holding back EV sales. But the Chevy Bolt—with 238 miles of range and a post-incentive price around $30,000—was supposed to change all that when it went on sale last December. Unfortunately, that does not appear to be the case.
General Motors has sold about 2,000 of its small 238-mile all-electric car. While it’s still early for consistent reports from owners about issues such as real-world range, the first drivers (and media outlets that have given the Bolt a spin) reveal how an affordable long-range EV changes everything about the technology.
The media this week heaped much-deserved praise on General Motors for its new 2017 Chevy Bolt EV. The car was rated by the US Environmental Protection Agency for 238 miles of driving range on a single charge—handily surpassing GM’s long-held target of 200 miles. Yet, there are still obstacles to overcome.
Here's the first thing. Alan Batey, General Motors North America President, said the 2017 Chevrolet Bolt EV will begin shipping to dealers in the fourth quarter. It had been previously reported that the Bolt would ship in October. Bolt has been in “pre-production” since about March. What else should you know?
Tesla is nearly two years away from selling its first relatively affordable model, and the first set of Model 3 units will likely be expensive upper-level variants with price tags well beyond the so-called affordable $35,000 range. In the meantime, now that we’re in the second half of 2016, you can start the six-month countdown to the truly affordable Chevy Bolt.
The unveiling of the Chevrolet Bolt at the Consumer Electronics Show in Las Vegas this week was widely viewed as a watershed event in the evolution of electric cars. It signaled the rapidly approaching availability of a $30,000 car that can provide 200 miles of driving range.
The once feverish news cycle for stories about electric cars has mostly subsided. But that’s starting to change with an emerging high-profile race for the first relatively affordable EV with 200 miles of driving range. The competition will pit old-school General Motors (and its Chevy Bolt) against iconoclastic Tesla (and the Model 3).
General Motors is fully committed to building a 200-mile all-electric vehicle. The company introduced the Chevrolet Bolt as a concept car at the Detroit auto show—and then, in a matter of about five weeks, took swift steps to “confirm production” of a car “based on” the concept.