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GM plans to challenge Tesla by debuting the electric Chevrolet Bolt in 2017

GM's Bolt would be cheaper than Tesla’s Model 3.

By Thor Benson
GM plans to challenge Tesla by debuting the electric Chevrolet Bolt in 2017
General Motors GM Company CEO Mary Barra speaks at a Chevrolet press event as part of the New York International Auto Show in New York City on April 15, 2014. Barra is the first female CEO of a major global automaker. UPI/John Angelillo | License Photo

DETROIT, Jan. 10 (UPI) -- General Motors will be showing off the concept for the Chevrolet Bolt at the Detroit auto show on Monday.

The company plans to debut the electric car as a competitor for Tesla's Model 3, both of which are scheduled to arrive in 2017, according to The Wall Street Journal. Tesla announced the Model 3 in July of 2014 as a more affordable version of what they currently offer, only costing $35,000. The new Chevrolet Bolt would cost less than that, at $30,000.

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The Bolt is designed as a hatchback vehicle, and it will be able to drive four times as far as the Chevrolet Volt currently can.

Both the Bolt and the Model 3 are expected to travel around 200 miles per charge. One feature the Tesla will have that the Bolt may not is self-driving capability, as Tesla founder Elon Musk has announced Tesla cars will all have that ability in the next few years.

The Tesla might also have the strange feature of a charger that extends from the wall by itself like a "metal snake," as Musk has tweeted.

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Meanwhile, Michigan, where GM has its headquarters, has banned Teslas from being sold.

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