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Sep 20, 2016 10:17 AM EDT

Chevrolet’s Electric Vehicle, Bolt, Will Be Sold at $30,000

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General Motors isn't going to give up the fight for Tesla, as the newest Chevy Bolt proceeds to the production process next month and is likely to hit tons of dealerships before 2016 ends.

A few weeks past, Chevy have announced that its newest car model: Bolt, an electric-operated hatchback, would have an EPA- estimated 238 miles of range when fully charged and that's about 20 times more that the Tesla Model 3 has been predicted to have, according to Elon Musk, CEO of Tesla back in March, Business Insider reported.

Furthermore, Chevy is building Bolt together with its newest electronics and technological advancements including a built-in LTE antenna, for owners to use Wi-Fi for tablets and phones. Owners will also have a chance to use the semiautonomous technology for Bolt, such as lane-keeping assistance and the automatic brakes. How cool is that?!

Wolderton of Santa Cruz Sentinel have shared that because of this wonderful innovation in science and technology, the bolt will surely spark an Electric Vehicle revolution.

Last Tuesday, Chevy kept the weight on by sharing that the amazing EV would only be priced at $37,459. Another thing to be considered is that after paying the federal tax credit costing $7,500, the price of this cool car will fall down and becomes a good $30,000.

Moreover, according to the president of Chevy in North America, Alan Batey, he shared in a statement that the hallmark for Chevrolet is value in itself. He further discussed how the company is going dead serious on providing the masses one of the most affordable Electric Vehicle ever sold in the market.

He also talked about how the company kept their promise, first by providing the range and now, the exact amount of the price.

One the contrary, Chevy's competitor Tesla and its Model 3 is expected to be sold at an amount estimated at $30,000 as well, also after the tax credits.

The car is due released this year. 

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