As we’ve often discussed before, the Chevy Bolt EV is often presented at the first real competitor to the Tesla Model 3 simply because they have a similar range – over 200 miles – and similar sticker prices – starting at $37,500 for the Bolt and $35,000 for the Model 3, but it’s really not that simple.
While priced like one, the Bolt EV is not a mid-sized luxury vehicle. If it wasn’t electric, it would be similar to Chevrolet’s Sonic, which is priced $15,000 cheaper. On the other hand, Tesla’s Model 3 is being marketed as a mid-sized sport/luxury vehicle and certainly looks more like one than the Bolt – which is more of a utility hatchback. Prior to its unveiling, Tesla CEO Elon Musk often talked about the BMW 3 Series as a reference for competition to the Model 3. That recently switched to the Audi A3.
Now it looks like the Model 3 will actually have to compete with an all-electric version of the BMW 3 Series. The vehicle could be introduced with the next generation 2018 models, but the all-electric version is expected later.
Since the “Dieselgate” scandal, the Volkswagen group has promised to introduce several new electric vehicles in the coming years. CEO Matthias Müller is said to announce a new strategy this summer that will see the company bring to market 20 new electric vehicles (all-electric or plug-in hybrid) through the group’s 12 brands by the end of the decade.
The company also plans to build on its current limited lineup of electric cars, including the e-Golf, which should see a significant increase in range with the introduction of its next generation.