Affordable and practical electric cars seemed to be a part of the future but because of Tesla’s amazing push into electric cars, major car manufacturers are forced to invent and manufacture electric cars of their own to grab the newly created market.
At a plant in Orion Township, Michigan GM has started manufacturing the Chevy Bolt. This is their first true foray into the electric car market. It will be sold in California and Oregon by the end of the year at a price of $30,000 after tax credits. As the AP notes there are no reservations so, besides the Lyft drivers it’s not clear who will get to drive it first. But it’s for sure that Chevy just trumped Tesla to the market because the Model 3 doesn’t enter production until mid-2017.
It’s already assumed that the Bolt will not be a best seller, at least at first. IHS estimates that Chevy will move fewer than 30,000 Bolts in the first year which is a mere fraction of Tesla’s already 400,000-plus pre-orders for the Model 3. It is a calculated step for the car giant into this market whereas Tesla’s business revolves around the electric car.
So, are you interested to buy the Bolt or are you waiting for Model 3?