It can go more than 200 miles on battery power and it costs less than the average new vehicle in the U.S. But in an era of $2 per gallon gasoline, the Chevrolet Bolt probably won’t do a whole lot to shift America from gasoline to electricity.
General Motors has started making Bolt hatchbacks on a slow assembly line at a factory in Orion Township, Michigan, north of Detroit.
The cars, starting at $37,495 before a $7,500 federal tax credit, will go on sale in California and Oregon before the end of the year, and will spread to the rest of the country next year. The average sales price of a new vehicle in the U.S. is about $34,000, according to Kelley Blue Book.
Analysts say the Bolt’s 238-mile range on a single charge, plus a net price of around $30,000, should make it an attractive alternative to cars with internal-combustion engines. While they expect the Bolt to incrementally add to the number of electric cars now on the road, they don’t expect a seismic shift to electricity yet. Source: Memphisdailynews.com