Tesla Model 3 vs. Chevy Bolt? What You Need to Know Before Buying an Electric Car

July 7, 2017
Photo: Steve Jurvetson CC-BY-2.0 (Flickr)
Josh Goldman
Former contributor

It’s 90 degrees here in our nation’s capital but it might feel like the winter holiday season to those who reserved a Tesla Model 3. Expected to have a 215-mile range and sticker price of $35,000 (or $27,500 after the federal tax credit), the Model 3 will compete with the similar spec’d Chevy Bolt for the prize of cornering the early majority of electric vehicle owners.

Not many details have been released on the Model 3, but here is a snapshot of how the Model 3 compares to the Chevy Bolt.

Tesla Model 3

Chevy Bolt

Vehicle type Sedan Crossover SUV
MSRP (before any incentives) $35,000 $37,495
Range 215 miles 238 miles
Seating Capacity 5 adults 5 adults
Battery Size TBD 60 kWh
DC Fast Charging Yes Yes
0-60 mph Under 6 seconds Under 7 seconds
Autopilot Yes No

 

No other automaker has a relatively affordable, 200 mile-plus range electric vehicle on the market, yet (the nextgen Nissan Leaf will compete too), and one or both of these vehicles may be a pivotal point in the modern shift to electrics. Assuming you’re already sold on the benefits of driving on electricity, here are a couple tips for you to consider if you’re prepping for an electric vehicle.

#1 Prepare your home charging

There are two main options for charging an electric vehicle at home: (1) 120V charging from an ordinary home outlet and (2) 240V charging from either an upgraded home circuit or existing circuit for a heavy electric appliance like a drying machine.

There is also DC fast charging, but that is only applicable to charging on-the-go and described in more detail below. Before deciding on how to charge, talk with a couple licensed electricians to better understand your home’s electrical capacity. Mr. Electric appears to win the Google SEO for “electrician for electric vehicle,” so maybe head there for a start.

Electric Vehicle Charging Level 1 (120 volts) – about 4-6 miles of range per hour of charge

  • Uses an ordinary wall outlet just like a toaster.
  • Typically won’t require modifications to electric panels or home wiring.
  • Confirm that your home’s electrical circuits are at least 15 or 20-amp, single pole by consulting with a licensed electrician.
  • Slow, but can get the job done if you don’t drive that much on a daily basis. If you only need 20 miles of range, for example, only getting 20 miles of charge each night is not a problem. For road trips, most EVs are equipped to handle the faster charging options that can make charging pit stops on road trips pretty quick.

Electric Vehicle ChargingLevel 2 (240 volts) – about 10-25 miles of range per hour of charge

  • Installation costs vary, but here’s a 30-amp charger from Amazon that is highly rated and costs around $900, including installation, and here’s one that includes an algorithm to minimize charging emissions and costs.
  • Will likely require a new dedicated circuit from the electric panel to a wall location near the EV parking spot.
  • Consult with a licensed electrician to verify that your home has a two-pole 30 to 50-amp electrical circuit breaker panel.

Electric Vehicle Charging Level 3 (aka DC fast charging) (400 volts) – Not for home use, but can charge battery up to 80 percent in about 30 minutes

  • The fastest charging method available, but prohibitively expensive for home use.
  • Some vehicles can get an 80 percent full charge in as little as 30 minutes, depending on the electric vehicle type.

#2 File your tax credit(s)

Purchasing an electric vehicle should qualify you for a federal tax credit of up to $7,500. Here is all the information and form to fill out when you file taxes. You better file quick because the federal tax credit is capped at 200,000 credits per manufacturer. Some manufacturers, including Nissan and Chevrolet, are forecast to hit the 200,000 cap as early as 2018. If Tesla delivers on its 400,000 Model 3 pre-orders, not every Model 3 owner will be able to take advantage of the full $7,500 savings, so act fast!

Also check this map to see what additional state incentives you may qualify for.

#3 Locate public charging stations

Tesla has a network of fast charging stations exclusively for Tesla owners, but there are thousands of public charging stations that any electric vehicle driver can use on the go too. You may be surprised to find chargers near your workplace, school, or other frequent destination. Check out this Department of Energy station locator, or this map from PlugShare. The Department of Transportation has also designated several charging corridors that should be getting even more EV chargers.

#4 Contact your utility

Give your utility a heads up that you are getting an electric vehicle, and inquire about any promotional plans for vehicle charging. Some utilities have flexible “time-of-use” rates, meaning that they will charge you less when you plug a vehicle in during off-peak times (typically overnight). Your utility might also have its own electric vehicle incentives, like a rebate on installation or charger costs, or even a pilot project on smart charging where you can get paid to plug in your vehicle.

#5 Say goodbye to internal combustion engines, forever!

Driving on electricity is not only cheaper and cleaner than driving on gasoline, it’s also a total blast. Prepare to never want to go back to gasoline-powered vehicles as you cruise on the smooth, silent power of electricity.

 

[Update, Wednesday, July 12, 1:49pm]: We’ve included a table comparing specific features between the Tesla Model 3, and the Chevy Bolt as per requested by our readers.