We reported yesterday that General Motors was expected to show off a new all electric car at the Detroit Motor Show and today the carmaker made an official announcement. The Chevrolet Bolt is a long-range all electric car that is designed to provide a range of over 200 miles on a single charge while being light on the pocket. According to the company this car will have a starting price of $30,000, much cheaper than many of the electric cars that are available in the market today.

GM is targeting all 50 states with this new vehicle and also global markets. Even though the company hasn’t revealed when production is going to start, many reports suggest that it may hit the market around 2017, the same time that Tesla’s affordable Model 3 is expected to arrive.

Chevrolet Bolt, a high-roofed hatchback, supports DC fast charging but GM hasn’t specified how long it takes for the car to charge up from scratch. There’s a considerable amount of tech in the cabin that can be controlled using the 10-inch touchscreen display, with features like the ability to use a smartphone as a key fob, ride-share management and the vehicle’s ability to park itself.

GM spent a good deal of its time during today’s announcements at the Detroit Auto Show talking about the Chevrolet Bolt, so clearly there’s an intention to get this out in the market, but so far its not saying when we can expect to pick one up. The 2017 timeframe has been reported by unofficial sources and hasn’t been confirmed or denied by the company.

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