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Chevrolet Bolt to Arrive in Late 2016: Report

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The Chevrolet Bolt is bound for production late next year.

According to a recent report from Reuters, the Bolt will be produced at an underused small-car plant north of Detroit in a planned run of 25,000 to 30,000 cars per year. The all-electric Bolt is expected to be priced around $30,000 and will have a range of over 200 miles. It is believed that the Bolt will be produced at the same factory as the Chevrolet Sonic and Buick Verano, which has been operating below capacity.

SEE ALSO: Chevrolet Bolts Into Detroit With New EV Concept

Last year, Chevrolet sold 18,800 Volts, a plug-in hybrid that is priced around $35,000. The Bolt will have some interesting competition by the time it heads to production, with the Tesla Model 3 also scheduled for a similar time frame.

The Bolt is reportedly being developed on GM’s Gamma global compact car platform and the same basic set of components will serve as the foundation for the next-generation Sonic that is due in late 2016.

GALLERY: 2015 Chevrolet Bolt Concept

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[Source: Reuters]

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