Seeing that the upcoming Tesla Model 3 wants to be an affordable EV, it looks like it may be going head-to-head with the Chevy Bolt as the latter appeals on the same notion as well.
Tesla’s Model 3 may have the upper hand when it arrives at the end of the year as most Chevy dealers are reported to have limited supplies of Bolts for sale, according to Torque News. It’s crucial for GM to start churning out more units and carrying out more promotions or risk losing to Tesla.
Of course, GM has had a head start in the market with its Volt and Bolt but it needs to start targeting a wider reach as lots of rivals are preparing to launch their next-gen EV models which means that the competition will only be getting hotter.
Tesla is aiming to sell the Model 3 at $35,000 which is cheaper than the Bolt’s $37,000 price tag. The automaker is also injecting top notch tech features to appeal to the current smartphone gen.
GM seems to have no other choice but to push further in a bid to secure its position prior to the arrival of the Tesla Model 3.