Chevrolet Bolt gets price tag in USA

The Chevrolet Bolt electric vehicle has been bandied about for a good few months now, but the price tag wasn’t quite set in stone.

Now, GM and Chevrolet have announced that the new car will set US motorists back US$37 495, but buyers could earn tax credit of up to US$7500.

“Value is a hallmark for Chevrolet and the pricing of the Bolt EV proves we’re serious about delivering the first affordable EV with plenty of range for our customers,” said Alan Batey, president of GM North America and leader of Global Chevrolet, in a press release. “We have kept our promise yet again, first on range and now on price.”

The Chevrolet Bolt will beat Tesla and the Model 3 to the punch. But will it actually be better?

The entry-level Chevrolet Bolt comes with a rear-facing camera and 10.2-inch touchscreen, while the “Premier” version also includes heated seats, surround camera and “rear camera mirror”.

The automaker confirmed that the car would be available in the USA in “late 2016” from “select dealerships”.

Earlier this month, the company allowed select journalists to undertake a test drive of the new EV, and most were positive about the experience. Although they noted that the drive was controlled by the automaker’s PR department, all of them found that they had some miles left on the range counter after the 220 mile+ journey.

The Chevrolet Bolt is expected to go toe to toe against Tesla‘s Model 3, which has seen thousands of pre-orders despite only launching next year.