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General Motors plans Chevy Bolt electric vehicle in 2017


General Motors (NASDAQ:GM) is reportedly planning to roll out a Chevy Bolt electric vehicle with 200-mile range in 2017. The household-sized sedan is expected to be priced at $30,000 to compete with Tesla’s Model three luxury sedan and other electric cars.chevrolet-bolt-electric-car

The concept version of the car will be revealed on Monday at the North American International Auto Show in Detroit. The family size sedan, similar to the level model 3 priced at $35,000 while GM’s electric vehicle will be priced at $30,000 and 200-mile range. An improved version of the Chevy Volt all-range electric vehicle will also be showcased at the auto show.

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“The Chevy Bolt will be a hatchback designed to look extra like a so-called crossover automobile,” said a source.

The Chevrolet Volt was released in 2010 that ran 38 miles on electric power and remained dependent on fuel. The $35,000 vehicle aimed at consumers who worry about running out of fuel. According to the source, the upcoming vehicle will run on lithium-ion battery manufactured by LG Chem in the company’s factory in Holland, Mich.

LG Chem CEO Prabhakar Patil stated that the company had progressed enough for a higher level of confidence in 017. The company stated that its manufacturing facility can provide about 20,000 battery packs that support the vehicles 200-mile range. GM spokesperson Terry Rhadigan declined to comment on the vehicle release in 2017. The Bolt also has a similar name to the Volt that would showcase the company’s improvements in innovation over the years.

So far, the Volt has been a failure for GM as it had sold only 73,000 units with 18,805 units old in 2014. The company hopes that the revamped version of the Volt featuring a gasoline generator for supporting the vehicle after 200-mile range will find a market among consumers. The all-electric Chevy Bolt will be available for $30,000 in 2016.

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