Electric cars, when they came out first, were projected as the potential savers of the planet. While in principle they seemed to be the way to go, cripplingly low range, combined with long charging hours proved the biggest impediments to their success. While brands like Tesla came up with more advanced technology that stretched these range figures to more acceptable levels, they couldn’t keep prices in the affordable range. Although Elon Musk promised to remedy this by launching the Model 3, with a range of 215 miles (346km), and a price tag of $35,000 (Dh128,550), it’s still some time away from being a reality.

This delay is what Chevrolet aims to capitalize on with its Bolt electric vehicle, which will go on sale later this year. Today, the company announced that the production car will exceed its initial promise of 200 miles (322km) as the car has now received EPA rating for an estimated range of 238 miles (383km), which is also significantly more than the 210 miles (337km) range of Tesla’s current entry level model, the Model S.

“Chevrolet showed the world the production version Bolt EV earlier this year and in a few short months we’ve moved from that vision to a reality,” says Alan Batey, president of general Motors North America. “The Bolt EV is a game changer for the electric car segment and it will start to become available at Chevrolet dealerships later this year.”

With an estimated retail price of below $37,500 (Dh137,700) before US federal tax credit of $7,500 (Dh27,500), it’s sure to give Elon Musk and his team sleepless nights. Along with class-leading range, Chevrolet also promises best in segment cargo space, technology and safety features. “While range is important, we knew Bolt EV owners would want more — more space and more power — and the Bolt EV delivers,” says chief engineer Josh Tavel.