ORION TOWNSHIP: It can go more than 200 miles on battery power and it costs less than the average new vehicle in the US But in an era of $2 per gallon gasoline, the Chevrolet Bolt probably won’t do a whole lot to shift America from gasoline to electricity.

General Motors has started making Bolt hatchbacks on a slow assembly line at a factory in Orion Township, Michigan, north of Detroit.

The cars, starting at $37,495 before a $7,500 federal tax credit, will go on sale in California and Oregon before the end of the year, and will spread to the rest of the country next year. The average sales price of a new vehicle in the US is about $34,000, according to Kelley Blue Book.

Analysts say the Bolt’s 238-mile range on a single charge, plus a net price of around $30,000, should make it an attractive alternative to cars with internal-combustion engines. The Bolt’s range more than covers the average daily round-trip commute of about 40 miles in the US, and that should give comfort to those who fear running out of power, said Stephanie Brinley, an auto industry analyst for IHS Markit

IHS predicts that GM will sell just under 30,000 Bolts in the first year, which won’t add much to the roughly 235,000 electrics now on US roads.

Published in Dawn, November 6th, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Strange claim
Updated 21 Dec, 2024

Strange claim

In all likelihood, Pakistan and US will continue to be ‘frenemies'.
Media strangulation
Updated 21 Dec, 2024

Media strangulation

Administration must decide whether it wishes to be remembered as an enabler or an executioner of press freedom.
Israeli rampage
21 Dec, 2024

Israeli rampage

ALONG with the genocide in Gaza, Israel has embarked on a regional rampage, attacking Arab and Muslim states with...
Tax amendments
Updated 20 Dec, 2024

Tax amendments

Bureaucracy gimmicks have not produced results, will not do so in the future.
Cricket breakthrough
20 Dec, 2024

Cricket breakthrough

IT had been made clear to Pakistan that a Champions Trophy without India was not even a distant possibility, even if...
Troubled waters
20 Dec, 2024

Troubled waters

LURCHING from one crisis to the next, the Pakistani state has been consistent in failing its vulnerable citizens....