BIG news coming across the air waves about the 2015 Detroit Auto Show (NAIAS). The Wall Street Journal is reporting that Monday will be a big day for General Motors' Chevrolet division. Why, you ask?
It won't be because of the Cadillac CTS-V or even the newly done up 2016 Volt.
The BIG news will be about the Bolt.
According to reports, this will be a vehicle that prices in under the Volt. THINK: $30,000. We're sure that means it will also be a bit smaller; however, there is a plus to this. The latest word on the street is suggesting that the Chevrolet Bolt will be able to achieve a staggering 200 mile charge.
It seems that GM can't catch a break though with crude oil prices taking a recent nosedive with some economists forecasting that low gas prices may be here to stay for a bit.
I think the elephant in the room is this: will electric vehicle buyers stick to their status symbol Teslas with HUGE iPad-like screens in the center stack or will they consider a less expensive alternative that gets the job done just as well?
What do YOU think? Should Tesla be NERVOUS?
General Motors Co. plans to launch a $30,000 electric vehicle called the Chevrolet Bolt that would be capable of driving 200 miles on a charge by 2017, according to people familiar with the strategy, a move to gain ground on Tesla Motors Inc.
GM will show off a concept version of the Bolt on Monday at the Detroit auto show, eight years after the auto giant disclosed it would re-enter the electric car market with the Chevrolet Volt. The Volt, on sale since late 2010 and redesigned for 2015, is being upgraded to get better capability and sharper design, and has a backup gasoline motor on board in case juice runs out.
The Chevy Bolt, carrying a more capable battery manufactured by South Korea’s LG Chem Ltd. , will be aimed squarely at Tesla’s forthcoming Model 3, a $35,000 electric car also slated to debut in 2017. The concept version of the electric car will be a hatchback designed to look more like a so-called crossover vehicle, according to people familiar with the design. The Bolt will be capable of driving four times farther than a Chevrolet Volt plug-in hybrid on a single charge...
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