Chevrolet Bolt 6

Editorial note: Business Insider will name its 2017 Car of the Year on November 14, based on 15 finalists. Each day this week, we’re taking another look at the five vehicles that were runners-up. So far, we’ve revealed the Acura TLX A-Spec and the 2018 McLaren 720S. Now it’s time for the Chevy Bolt.

  • The Chevy Bolt went from reveal to production in less than two years.
  • The all-electric vehicle is now outselling Tesla’s production-plagued Model 3 by a wide margin.
  • It sells for just under $30,000, one an embattled federal tax credit is applied.

You can easily argue that the Chevy Bolt is the most important car General Motors has ever rolled out. What we have here is a $37,495 all-electric vehicle with a range of nearly 240 miles on a single battery charge. GM took it from intro to the assembly line in less than two years, in the process beating the avidly anticipated Tesla Model 3 to market by at least a year.

Now Chevy is selling 3,000 Bolts a month. Meanwhile, Tesla is in “production hell” with the Model 3 and has sold less than 500.

So what makes the Bolt more important than, say, the Cadillac XT5 crossover SUV or a new Corvette? The Bolt is a completely different kind of “halo” car. Like the Toyota Prius gas-electric hybrid 15 years ago — based initially on the homely Toyota Echo compact sedan — the Bolt is anti-sexy. Teslas, of course, drip sex appeal.

We all know, however, that mass-market car buyers don’t buy sexy. They bought the Prius because it promised low emissions and great fuel economy. And GM is betting that they’ll buy the Bolt because it represents more of an idea Read More Here