Chervolet reportedly has an all-electric car up its sleeve to rival the Tesla Model III.
Called the Chevrolet Bolt, it will be capable of driving 200 miles on a single charge. That’s four times as far as the company’s Volt hybrid car (pictured). The Bolt will launch in 2017, according to the Wall Street Journal.
The Bolt will be a hatchback that will look more like a hybrid than an electric car, according the Journal’s sources.
The Volt – Chervolet’s hybrid – has been on sale since late 2010, and was redesigned for this year. It has a backup gasoline motor in case you run out of charge midway through your journey.
The question remains: can Chervolet compete with Tesla? General Motors has so far failed to dent Tesla’s dominance in the electric market. It recently launched a Cadillac ELR plug-in aimed at the luxury end of the market. It intended to take on the Tesla Model S, but proved a flop.
GM executives have previously mentioned a 200-mile electric vehicle, but haven’t confirmed concrete details on the car.
The Bolt is expected to cost around the same $30,000 (£20,000) as the forthcoming Tesla Model III.
A GM spokesperson declined to comment on the report.