Electric cars have rapidly grown popular over the last few years. In 2015, 1 in every 150 cars sold in the U.S. had a plug and a battery, but this number continues to increase as manufacturers come out with most efficient electric cars and as consumers desire products with the latest technology.
Both General Motors and Tesla announced they would be releasing new models that would have 200 miles or more of range, but General Motors beat Tesla to the market. Chevrolet announced the release of the first electric car rated to provide 238 miles on a single charge - the 2017 Chevrolet Bolt. With this new Chevrolet boasting well over the 200 mile-mark, electric car buyers' can feel confident that they will get to their daily destinations without having to stop to charge.
The other key characteristic to highlight on this new Chevrolet is the price. The 2017 Chevy Bolt has an MSRP starting at $37,495. With an available federal tax credit of up to $7,500*, this puts the Bolt in the $30,000 price range.
Chevrolet promised customers the first affordable electric vehicle with 200 miles or more of range, and they delivered with the 2017 Chevrolet Bolt. This new vehicle is due to arrive in dealerships before the end of 2016.
*Final Manufacturer's Suggested Retail Price not yet announced and does not include, tax, title, license or optional equipment. Actual savings from the federal government depend on individual tax situations. Tax credit depends on individual tax situations.