One of the biggest developments to come out of the first few days of the 2015 Detroit Auto Show has been Chevrolet’s electric car innovation.
Chevy first unveiled their newest version of the Volt, their current production-model electric car, which has been much improved in the last year. The electric-only range of the car has improved from 50 miles, up from 31 in the previous incarnation of the vehicle.
Chevy also states that the car is stronger, smoother, and quieter. It can also now seat five people, whereas before the battery tunnel restricted capacity to four.
However, the Volt wasn’t the most exciting Chevrolet innovation of the week, as the company also rolled out their prototype for the Bolt – a completely electric car that they expect to compete with Tesla, and at a much cheaper price.
The Bolt’s expected range would be north of 200 miles, making it a fully-electric car that could compete in the Tesla-dominated market. The Bolt is expected to be a family-size car, providing an affordable, electric option for middle-America.
The Bolt, which probably would not be released until 2016 at the earliest, is expected to have an MSRP of approximately $30,000, making it much cheaper than current Tesla models on the market.
But should Tesla be worried? Maybe. While Chevrolet seems poised to take a significant chunk of the electric car market, especially on the cheaper end of the spectrum, it seems unlikely that Tesla will be affected too negatively, as more affluent people will continue to buy their cars.
Only time will tell, but one thing is for sure – the electric car market just got a lot more interesting.