This week, General Motors announced the Chevrolet Bolt, a car specifically meant to undercut the Model 3—perhaps before Musk’s car even arrives.
The Bolt, unveiled at the Detroit auto show, is a concept, yes, but a preview of a battery electric production car that GM CEO Mary Barra says will deliver more than 200 miles of range for a base price around $30,000 (after the obligatory $7,500 federal tax credit). While GM is keeping quiet about when this car would hit the market, The Wall Street Journal and Detroit Free Press say the company’s shooting for 2017.