General Motors to launch a new EV at $30,000 by 2017

Chevrolet-Volt

General Motors is planning to launch a new electric car by 2017 that can pose substantial competition for Tesla and Nissan.

The concept car named Chevy Bolt, introduced in the price range of $30,000 is claimed to travel up to 200 miles on a single charge.

The car will have a battery manufactured by LG Chem of South Korea, the company’s long- time battery production partner.

GM has plans to reveal the new electric-vehicle initiative at the North American International Auto Show held in Detroit on Monday.

Chevrolet-Volt
Chevrolet-Volt

Earlier this week, GM, revealed its Chevrolet Volt plug-in car at the Consumer Electronics Show (CES) in Las Vegas.

The Volt, a gas-electric hybrid can travel a short distance on battery-only mode and is equipped with a range-extending engine.

So far, GM has sold around 70,000 units of Chevrolet Volt worldwide.

Tesla Model S, the prime competitor of GM electric version belonging to luxury segment, costs around $70,000.

Nissan’s Leaf that sells for $21,000 after federal and state tax incentives for electric vehicles has an average range of about 84 miles.

Sabeena Wahid
editor@greentechlead.com