GM May Have Just Changed the Game for Electric Cars (from SLATE)

The following post was written by Daniel Gross and published by Slate (Moneybox) – January 11, 2016

Here’s an excerpt and a link to the original article:

GM CEO Mary Barra shows the Chevrolet Bolt EV to the news media at the 2016 North American International Auto Show in Detroit (photo credit: Bill Pugliano / Getty Images)

GM CEO Mary Barra shows the Chevrolet Bolt EV to the news media at the 2016 North American International Auto Show in Detroit (photo credit: Bill Pugliano / Getty Images)

<< General Motors, America’s largest carmaker, has been slow on the uptake when it comes to the most significant trend in mobility: using more electricity to power automobiles. It famously killed a promising electric vehicle in the 1990s, and invested in the gas-guzzling Hummer as Toyota rolled out the Prius. The Chevrolet Volt, unveiled in 2010, wasn’t an electric car—it was a plug-in hybrid whose high sticker price and weak battery (it could go only about 35 miles on the all-electric charge) made it an ineffectual demonstration project.

But the Chevrolet Bolt, which GM is showing off this week at the Detroit Auto Show, represents both a quantum leap and a leap of faith by the company. It has a battery that can propel a car for 200 miles—six times more than the original Volt could travel on electricity. After federal tax rebates, it costs about $30,000—substantially less than the Volt, and a price point at which millions of cars sell each year. Unlike the Volt, which seemed to have lukewarm backing from GM’s top brass, the Bolt seems to have enthusiastic support at headquarters. “First of all, with 200 miles plus, you really take away range anxiety,” GM CEO Mary Barra told me Monday. And she quickly pivoted to point out the Bolt’s driver-friendly technology—connectivity, upgradability—that has nothing to do with mileage. “When we look at the Bolt EV, it’s a great car to drive,” Barra said. >>…

The article continues —> HERE.

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