GM Is the Leader in Electric Vehicles

While Tesla may be getting all the headlines these days for electric vehicles, it is actually the Detroit-based American company, General Motors Company that is actually the true leader in electric vehicles.

Over the past year, they have made bold claims about being the first to profit from the EV industry and have already begun to threaten Tesla's lead in the American market in range and in sales volume. This should come as no surprise, however. GM has ramped up their efforts to tap into the EV market early on releasing models that have a distinct advantage over the similarly priced offerings from Tesla – the Chevrolet Bolt EV has far more range and features than the Tesla Model 3.

Where Tesla has problems keeping up with the market demand, GM has no problem whatsoever. The company is busy building and selling, which is exactly why they're the leaders in the EV industry. GM has at least 20 electric models coming to the market over the course of the next three to four years. If everything goes according to plan and Tesla doesn't do anything, GM's electric models will outnumber the entirety of Tesla's offerings by at least 4 to 1.

GM introduced the Bolt into the market in October 2016 to warm reception from customers and investors alike. With a sticker price of just under $40,000, GM sold 23,297 Bolts in 2017. This outpaced Tesla's sales of their $35,000 Model 3 sedans in 2017, where they produced just 1,770.

One of the biggest reasons for Bolt's success was that it could go further between charges. In fact, Bolt became the first mass-produced electric vehicle to go more than 200 miles between charges.

With GM's joint development with South Korean's LG Group, expect future Bolts to have better batteries and electronic components.

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