Just one month after debuting at the Detroit Auto Show, GM announced that their Chevrolet Bolt concept will officially enter production by the end of 2016.
According to the company, they will invest about $200 million in two suburban Detroit plants to help get the electric hatchback vehicle on the roads as quickly as possible.
Of that $200 million, GM will be dumping about $160 million into the company’s Orion assembly plant, which is also the home to Chevy Sonic and Buick Verano production, for new tooling and equipment. The other $40 million will be invested into the company’s Pontiac Metal Center plant to produce new dies.
“We are putting the Bolt EV concept on the fast track to production, because reaction to the concept was overwhelmingly positive” says GM North American President Alan Batey in a written statement. “It has the potential to quickly shake up the status quo for electric vehicles. It’s an EV aimed at everyday drivers.”
Batey also went on to say that the Bolt will be available for purchase in all 50 states and will be sold at around $30,000.