Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.
It announced to the world that the status quo wouldn’t be anymore.
An athletic woman ran through an auditorium and hurled a hammer through a large screen.
From that point forward, the conceit was, the world wouldn’t be same.
I submit that today—September 13, 2016—is a similar inflection point in technology, as Chevrolet has announced that the EPA-estimated range for the 2017 Bolt EV is 238 miles.
Sticking with the numbers for a moment here, also know that the Bolt EV, which is going to become available before the year is out, will have “an expected MSRP below $37,500.” Kick in a federal tax credit on the order of $7,500 and you end up with a vehicle that has the range of electric vehicles that cost twice that.
Case in point, the Tesla Model X, the SUVish Tesla. The base model, the 60D, costs, before any tax modifications, $74,000. For those of you doing the math, you have calculated that my “vehicles that cost twice that” is a bit fuzzy because $37,500 x 2 = $75,000. Or $1,000 more than the price of the 60D.
However. . .the range of the Tesla 60D is 200 miles. The Bolt EV handily trumps that.
But wait, the model one up from the 60D, the 75D, has nearly 238 miles in range: 237.
But it starts at $83,000. Which is well over the “twice that.”
Now to be fair, the Tesla is a Tesla and the Bolt EV is a Chevy.
Just as people have long been willing to spend more for an Apple product than from one of those companies that no longer exist or exist in a form that only their neighbors in an industrial park know they exist (I once owned a Gateway 2000), that is probably going to be the case for some people regarding the Bolt EV vs. something from Tesla.
So let’s look at something else that is similar to the Bolt EV in configuration: the BMW i3. According to BMW’s website, the range is 81 miles. And the MSRP is $46,250.
The Nissan LEAF? The MSRP for a model that has a 107-mile range is $34,200. So you get less than half the range for about $3,000 less.
The inhibitor to greater acceptance of electric vehicles has been range anxiety. It is a very real thing. Essentially the only company that has caused that to be a non-issue is Tesla. But that peace of mind (and fairly remarkable vehicles, to be fair) has come at a cost.
The Bolt EV, arguably, changes everything.
The Mazda CX-5 first appeared on the scene in 2012, and for 2017, the vehicle has undergone some major transformations, to enhance what was already a notable small crossover.
Sandy Munro and his team of engineers and costing analysts at Munro & Associates were contacted by UBS Research—an arm of the giant banking and investment firm—and asked whether it was possible to do a teardown and cost assessment of the Chevrolet Bolt EV.
Plenty of interior components are injection molded. But some companies—such as VW—are using a process for trim pieces that both mold a component and cover it in fabric in a single molding process. And it is coming to the U.S. in the not-too-distant future.