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Jordan Perch loves automotive innovation and that is his ultimate passion. He is managing the resourceful DMV.com and is an active contributor to numerous consumer and automotive blogs.

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Tesla's Affordable Model 3 To Be Challenged By Long-Range Chevy Bolt

Posted September 03, 2015 11:43 AM by Jordan Perch

Tesla's plans for building a mass-market electric car will finally be realized in a couple of years, when Elon Musk's company is expected to launch the Model 3, which will cost significantly less than the Model S or the upcoming Model X, and will hopefully help bring EV's within the reach of the average consumer.

The Model 3 is due to launch in 2017, with Tesla expected to release details on the vehicle's specifications, but at the moment it can be said with certainty that it will be offered as a sedan and as a crossover, with a range of over 200 miles, and will cost somewhere around $35,000.

Tesla may have thought that it will be the first to launch a long-range electric car that would be sold in high volumes at a fairly low price, but it is no longer the favorite to win this race, with General Motors planning to introduce a similar model just before the scheduled launch of the Model 3. GM recently started testing a prototype version of its Chevy Bolt, that will also enter production in 2017, and will surely challenge the Model 3's bid for dominance in the entry-level luxury electric car segment.

The production version of the Chevy Bolt will be a battery-powered car that will be able to travel at least 200 miles per one charge, as GM claims, and will have a sticker price of around $30,000, after federal incentives. This means that it will be at least $5,000 cheaper than the Model 3, which might help make it more appealing to consumers than Tesla's car.

Tesla, for its part, has had to delay the production of the Model 3 several times, and lately, there have even been rumors that the car won't be ready to go into production before 2018, but the company was quick to deny those rumors and confirm that it will be introduced to the market in 2017. The Palo Alto-based company has set an ambitious target of selling 500,000 vehicles per year by the end of this decade, which many auto industry observers think will be very hard to meet, considering that it is not expected to reach even the 50,000 units mark this year.

General Motors is determined to become a serious player in the electric car market, and has been focused on developing advanced EV battery technologies in an effort to catch up with Tesla Motors.

"Even after the battery has reached the end of its useful life in a Chevrolet Volt, up to 80 percent of its storage capacity remains," said Pablo Valencia, GM's senior manager of battery life cycle management, and added: "This secondary use application extends its life, while delivering waste reduction and economic benefits on an industrial scale."

Investing in battery technologies will allow General Motors to challenge Tesla in the business of powering homes and utilities, in addition to electric cars. It intends to sell old, recycled electric car batteries, which can be used to power both commercial and residential buildings, and compete with Tesla in the stationary storage industry.

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Re: Tesla's Affordable Model 3 To Be Challenged By Long-Range Chevy Bolt

09/03/2015 6:46 PM

Freudian title slip?

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