The Chevy Bolt will be priced under $30,000 - after tax credits
Last week, Chevy announced that the Bolt, an all-electric hatchback, would arrive with an EPA-estimated 238 miles of range on a charge - about 20 more than the 215 predicted for the Tesla Model 3 mass-market vehicle by CEO Elon Musk back in March.
On Tuesday, Chevy kept the pressure on by revealing that the Bolt would priced at $37,495. What's important about that number is that after a $7,500 federal tax credit, the Bolt's price falls below $30,000.
Yep, it could be $29,995. Come on down!
In all seriousness, Chevy's North American president, Alan Batey, said in a statement: "Value is a hallmark for Chevrolet and the pricing of the Bolt EV proves we're serious about delivering the first affordable EV with plenty of range for our customers."
He added: "We have kept our promise yet again, first on range and now on price."
So there you have it. Tesla's Model 3 is expected to be priced at around $30,000, also after tax credits. If that comes to pass when the car arrives in 2017, the Chevy Bolt will be $5 cheaper.