Tesla Model 3 vs. Chevy Bolt: What's the Better Electric Car to Buy?

Tesla Model 3 vs. Chevy Bolt Price
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Pricing of the Tesla Model 3 vs. Chevy Bolt

Retail prices for the Chevrolet Bolt and Tesla Model 3 are similar, though the Bolt is slightly more expensive at $37,500. The Model 3 starts at $35,000. Both are currently eligible for a Federal Tax Credit in the amount of $7,500, and additional incentives may be available in your region.

Neither company currently details the trim levels or options that will be available. Looking at Chevrolet's most popular alternatively fueled vehicle, the Chevy Volt plug-in hybrid, only two trims are available. These are mechanically identical, with additional comfort features and options available on the top-level Volt Premier.

Tesla says the Model 3 will be available as either rear-wheel or all-wheel drive. Adding all-wheel drive will likely add about $5,000 to the Model 3 price tag, based on pricing for all-wheel drive on other Tesla models. During the vehicle's unveiling, a high-performance version of the Model 3 was also hinted at.  

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