AutoGuide.com

The Environmental Protection Agency (EPA) has issued an official estimated range for the all-electric 2017 Chevy Bolt: 238 miles (383 km).

Chevy says that it still plans to offer the Bolt for a starting price of below $37,500, before a federal tax credit of $7,500 is applied. The car will begin arriving in select Chevy dealerships in late 2016, offering customers the most all-electric range for the cheapest price on the market.

The cheapest 2016 Nissan Leaf starts at just $29,860 before tax credits, but it only offers 84 miles of driving range. The Tesla Model S is the only other electric vehicle on the market to offer over 200 miles of range, but it costs at least $66,000. For that base price, you get a 210-mile range from Tesla.

The upcoming Tesla Model 3 will be closest to the Bolt in price and range, if it delivers on its promises. Tesla says that car will have at least 215 miles of range and a starting price of $35,000 before incentives. Deliveries of the affordable Tesla model are planned to begin by the end of 2017.

SEE ALSO: 4 Ways the Tesla Model 3 is Worse Than the Chevy Bolt

The true range of the Bolt will also fluctuate. Long, 70-mph highway drives will drain the batteries quicker, while around town the small Bolt may actually be able to exceed the 238-mile rating.

Back when we drove a prototype of the Chevy Bolt, the brand said that the car will be able to fully recharge in 9 hours using an available 240-volt charger, and can regain roughly 25 miles of range per hour of charge. If you step up to a DC Fast Charger, the Bolt should be able to regain about 90 miles of range in 30 minutes.

Discuss this story at our Chevy Bolt Forum