After the Volt, meet the Bolt, a 200-mile range EV that could sell for around $30,000

Chevrolet Bolt concept electric car
© GM

Anyone wants a $30k EV with 200 miles of range?

The annual car shindig in Detroit is taking place this week, and there are a few interesting vehicles that promise to move you from A to B with a lesser impact on the planet than traditional vehicles. We've already highlighted the new 2016 Chevy Volt, which promises a longer electric range, and the Mercedes C350 Plug-in Hybrid, a step in the right direction for the German automaker.

Chevrolet Bolt concept electric car© GM

Another highlight of the show is the Bolt concept, by Chevrolet. Not exactly the most original name (electricity-themed names ending in "olt" anyone?), but it features some impressive numbers nonetheless. Those that stand out most are: 200 miles of range, and a price tag of around $30,000. Those are the kinds of attributes that could make the Bolt (or whatever the production version of this concept ends up being called) a best-selling electric car. Why? Because right now, there's nothing in that sweet spot of price and range. You either have to cough up a large amount of dough for a Tesla, which gives you about 260 miles of range, or you can get something more affordable, like a Nissan LEAF, but driving range will be under 100 miles.

Chevrolet Bolt concept electric car© GM

If the Bolt can deliver around 200 miles for around $30k, a large swath of the population will suddenly be able to get over their range and price tag anxieties. On the price, you have to remember that a $30k EV isn't like a $30k gasoline vehicle. Your fuel costs are much lower, your maintenance costs are also lower, and you get a big tax credit.

I'll leave you on what GM's CEO, Mary Barra, said about the Bolt:

The Bolt EV concept is a game-changing electric vehicle designed for attainability, not exclusivity. Chevrolet believes electrification is a pillar of future transportation and needs to be affordable for a wider segment of customers.

We have made tremendous strides in technologies that make it easier and more affordable for Chevrolet customers to integrate an all-electric vehicle in their daily lives. The Bolt EV concept demonstrates General Motors’ commitment to electrification and the capabilities of our advanced EV technology.

Chevrolet Bolt concept electric car© GM

Via GM

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