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GM Shows Off Electric Future

This week at the North American International Auto Show in Detroit, General Motors drew back the curtain on an affordable electric car it plans to release in 2017 and updated its current offering.

This week at the North American International Auto Show in Detroit, General Motors drew back the curtain on an affordable electric car it plans to release in 2017. Named the Chevrolet Bolt EV, this battery powered family car can go 200 miles on a single charge and will start selling at $30,000.

The Bolt has been in the works for years and is designed to compete with vehicles from Tesla Motors and Nissan. Tesla is planning the Model 3 electric car that will also go 200 miles per charge, but will start at $35,000, while Nissan currently sells the Leaf, which can only go 100 miles per charge and start at about $30,000. 

Take a look at this Bloomberg Business video as Mary Barra, CEO of GM, introduces the Chevrolet Bolt EV concept at the Detroit Auto Show:

GM will be adding the Bolt to its line of electric vehicles which already include the plug-in electric Chevrolet Volt and the all-electric Chevy Spark subcompact. The current Volt only goes 38 miles on electric power before a gas generator kicks in. The Spark can go 82 miles on a charge and starts at $26,685.

GM also unveiled an updated version of the Chevrolet Volt Monday at the Detroit Auto Show. Since its debut in late 2010, GM has sold 73,000 of the plug-in electric cars. California, which allows Volts in designated high-occupancy vehicle lanes with only the driver aboard, leads the way by far. Here are the top states and the percentage of Volt sales:

State Percent of Volt sales
California 46.6
Michigan 9.6
Florida 5.3
Illinois 3.4
Texas 3.1

Check out the updated Volt hybrid and take a second look at the brand new all-electric Bolt in this CNNMoney video:

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