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. expand full story