The Chevrolet Bolt Is About to Make Electric Vehicles Mainstream in a Quietly Revolutionary Way – Slate Magazine

Posted: Thursday, September 15, 2016

Finally, the Bolt is plausible financially. Iterative engineering gets us better and more effective stuff for the same price or lower. This is glaringly obvious when it comes to products like computers and phones, whose prices fall even as their functionality increases exponentially. But it’s also true for anything that runs on a combination of motors, electronics, and software—washers, dryers, refrigerators, freezers, and, yes, cars. The Bolt has about nine times the electric range of the 2010 Volt, is packed with many more functions, and costs $37,000. (When you account for inflation, the price drop from the first Volt is even more impressive.) GM points out that, after the $7,000 federal tax credit, the Bolt will cost about $30,000—less than the average price paid for a new car sold in the U.S.

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