Tesla has made a name for itself as the company that’s leading the way in bringing all electric cars into the mainstream. However there’s a problem. Tesla’s vehicles tend to be expensive and that’s one of the places where General Motors plans to undercut it. According to a new report General Motors will show off the all electric Chevrolet Bolt at the Detroit Auto Show next week, the car will cost $30,000.

Apart from the Bolt, the new 2016 Chevrolet Volt plug-in hybrid with extended range will be unveiled at the auto show as well, so there will be plenty to see for electric car aficionados

According to The Wall Street Journal, which cited “people familiar with the strategy,” the Chevy Bolt is going to be capable of driving 200 miles on a single charge by 2017. A concept version of this vehicle will break cover on Monday at the Detroit Auto Show.

Its not like the Bolt will not have competition when it finally hits roads. Tesla’s Model 3 is under development as well, a budget all electric car, expected to go on sale in 2017 for $35,000. This should make for some interesting competition in the market and not to mention much needed choice for customers looking to purchase an electric car.

While Tesla’s vehicles haven’t made much inroads internationally GM reportedly has global aspirations for the Chevrolet Bolt, expecting it to compete in lucrative markets like China.

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