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Will the Bolt Be the Car to Truly Pioneer the EV Segment?

The Bolt EV has recently been released to a few states with strict emissions regulations, but it won’t be released to other states for quite some time. Therefore, we don’t really know how the Bolt is going to do. Since it wouldn’t be entirely fair or accurate to predict its overall success based on sales in those few states. Even still, Chevrolet has supposedly cracked the code when it comes to a greater acceptance of electric vehicles, or so they say. That cracked code is the Bolt, and Chevy feels it will sell for a far greater volume than other electric cars. In layman’s terms, the Bolt EV will be the model that truly advances the electric car segment.

But, just how true is that statement?

 

Low Price and Lots of Driving Range Makes for an Attractive Offer

Certainly, Chevrolet is basing this off the fact the new Bolt is priced just under $30,000 after the $7,500 federal tax credit is applied. Don’t forget about possible state incentives or (eventual) discounts and promotions that might be offered, too. Less than $30k is a low price for an EV that offers a very desirable driving range of 238 miles. It’s by no means slow, either. Rather, it experiences an exceptional 0-60 mph time of about 6.5 seconds. If you’re looking for a frame of reference, a Nissan Leaf takes around 10 seconds to get from 0-60 mph. On top of that, the Bolt is a front-wheel drive, compact hatchback – a very popular body style on today’s market.

An incredibly fair price, exceptional driving range, above-average performance, and a popular design. The Bolt certainly has many appealing qualities. On top of that, it’s also loaded with various features and amenities, including everything from an actual in-dash touchscreen to advanced safety features (many of which aren’t found on other electric vehicles). Finally, it’s made by a brand that’s well-known and trusted.

Overall, the Bolt offers great value. If there’s a vehicle that can crack the EV popularity code, my money’s on the Bolt EV.

 

Cracking the Code

Let’s analyze Chevy’s confidence in its Bolt EV, which will first have to completely decimate the 2014 Nissan Leaf’s 30,200 unit sales record for the EV segment. Then, the Bolt will need to not only prove popular with EV fans but also convert those who are sitting on the fence about electric vehicles. If the Bolt EV can do this, then it will truly become a breakthrough vehicle. Why? Simply because there hasn’t been another EV model produced that’s been able to convert droves of consumers over to the electric vehicle segment.

With its price, performance, driving range, and popular design all of which are equally as appealing as a gas-powered vehicle, especially that spirited acceleration this really could be the vehicle to do just that.

 

What About the Competition?

The new Tesla Model 3 shares a similar driving range, but for a more expensive price. However, since it’s a Tesla, the Model 3 is directly associated with high-quality electric vehicles and could very well spell trouble for the Bolt EV  initially.

I’m convinced that when the Chevy Bolt EV gains traction, it will stomp on all the other electric vehicles on the market. Of course, we’ll just have to wait and see…

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