General Motors has officially begun producing the Chevy Bolt, the first affordable (to the average US citizen) electric vehicle that can go more than 200 miles on a single charge, specifically 238 miles. The Tesla Model S and X also go over 200 miles, but with prices starting at $66,000 they're out of reach for most people.

The Bolt starts at $37,495 before a $7500 tax rebate that can for some people bring the price down to $29,995. Remember this rebate only takes off of your existing tax owed, so if you only owe $5000 in taxes for the year, that is all you can claim. As with most cars, the average buyer will not purchase base, especially since this price does not include quick charging. This is also $2500 more than the base Tesla Model 3 that enteres production mid to late next year, though by then I fully expect rebates and promotions on the Bolt. 

Still, at this price and range, it has just dethroned and destroyed all other car manufacturers' offerings of electric vehicles, which may mean it's going to be a great time to buy a new Nissan Leaf. If you need the 200 miles, and a hatchback is your thing, the Bolt is a compelling car, with a 0-60 time under 7 seconds and more interior space than a Honda Fit. If you don't need 200 miles of range at once though, look at other EVs and start haggling for the best price. I can see a major drop in prices of every other EV aside from Tesla in the next few months.

We are finaly here at the beginning of the EV future, and it's looking to be a fun ride.