The big electric car is set to make a change in the market and it’s pricing is on par with its competitors.

The 2017 Chevrolet Bolt is priced at $37,495 which doesn’t include tax credits.

General Motors, as promised has managed to keep the pricing of the car in the $30k price bracket. Once the federal credits are applied, the pricing of the 2017 Chevrolet Bolt goes to $29,995 making it one of the cheapest EV that you could own in the market next year.

While the pricing is on the lower side, the features are plenty. The next gen Bolt is equipped with a large 10.2-inch touchscreen displayand even has a Regen on Demand steering wheel paddle. The equipment allows drivers to experience the best regenerative braking and if you are going to go above the base LT trim, Chevrolet provides leather seats with heating capability, rear view camera and a surround view camera for maximum situational awareness.

The previous Bolt may not sound as expensive but the new 2017 Chevrolet Bolt is a competitive electrical hatchback about to hit the stores. The new edition promises a cool 200 miles of range without the premium pricing that a Tesla car might demand. However, Tesla has their own Model 3 scheduled to be out in the year 2018. It promises similar range and is packed to the brim with features but the Bolt might be the first to reach stores convincing buyers to go for it before their competitors could showcase their cars.

According to a statement by General Motors, the new Bolt should deliver about 238 miles on a single charge. Model 3 from Tesla is close to the numbers and so does Nissan, Ford cars that are yet to be out. All of them are aiming to offer 200 miles on an electric motor without exceeding the price tag of $40,000.

Charging the 2017 Chevrolet Bolt will take about nine hours and in a recent test, it did deliver nearly 240 miles. If you are going to use a DC power charger, the car can get up to 80 percent of its power in just an hour. The electric motor can accelerate from 0 to 60 miles per hour in 7 seconds.

The electric car future seems promising for the entire automobile industry and Chevrolet’s new Bolt is just the beginning. It will pave way for a slew of cars with equally competitive performance.