GM first to deliver mid-priced, all-electric car
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] General Motors began deliveries on Tuesday of the first all-electric car model aimed at the middle market, getting a head start on Tesla Motors and other competitors.
GM delivered the Chevrolet Bolt EV to three customers in California, including one in Fremont, where Tesla has a big factory.
The Bolt can travel up to 238 miles on a full charge. It lists for US$37,495, but consumers are eligible for clean fuel tax credits of up to US$7,500, GM said.
GM plans to accelerate deliveries of the Bolt next year as part of its campaign to reposition itself as a mobility company of the 21st century.
Tesla also is working on an all-electric Model 3 aimed at the middle market, but it is not expected to hit the market until the end of 2017.
Tesla's higher-end Model S already is available but the price starts at US$68,000.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Other manufacturers also are working on comparable all-electric models, including Ford, whose sedan is called the "Model E" and Fisker, led by Henrik Fisker, who previously designed cars for BMW and Aston Martin.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore