Electrified cars are gaining serious momentum.
Concerns about climate change along with advancement in battery technology have helped push automakers to get into the electric car game. In fact, most of the upcoming electric vehicles that automakers have announced will have an electric range of 200 miles or more. General Motors, for example, plans to roll out its Chevy Bolt by the end of this year. The Bolt will have a range of 238 miles on a single charge and will be priced at about $35,000 after tax credits.
Tesla also plans to begin deliveries of its first mass market electric car, the Model 3, at the end of 2017 and in 2018. The car will be priced at $35,000 before tax incentives. Audi, Porsche, Volkswagen, Volvo, and Ford are all also planning to either launch an all electric car or expand their offerings of electrified vehicles by 2020.