The rivalry in the electric vehicle industry is heating up. While Tesla has been making all the noise with the upcoming release of its Model 3 car, General Motors (GM) is bent on making the competition interesting with its very own Chevy Bolt EV unit.

What makes this emerging contest compelling is the price tag set by both companies. At less than $40,000, the worth is an attractive rate for potential buyers considering that the manufacturers have highly respected reputations.

In terms of design, the Bolt EV depicts an attractive vehicle minus the trunk. Despite its limited space, here is a subcompact that can still offer a considerable storage. By clipping the back seats, owners get an instant 56 cubic feet of available space.

On the other hand, the Tesla Model 3 offers an expansive loading room. No less than CEO Elon Musk has pointed out that the vehicle can accommodate more cargo due to the presence of front and back trunks.

What has kept Tesla's automobile constantly in the public eye is its downright low-cost price. Compared to the Chevy, which carries a higher tag at $2,495, Musk's car is definitely a steal.

If there is one aspect in the vehicle support facet where a glaring difference is quite obvious, it will be about power sustainability. Tesla has a huge edge here since it provides its drivers with supercharger stations in order to refurbish their batteries whereas GM pretty much leave the recharging procedures to their clients. The Chevy, however, gets a fast-charging capability at an extra $750 cost.

With regards to engine performance, earlier pronouncements have the Bolt leading as indicated by its declaration to hit 60 miles per hour within seven seconds. Aside from its 266 pound-feet of front wheel torque, GM's machine is capable of achieving a maximum horsepower of 200.

Meanwhile, the Model 3 is due to outlast its counterpart if it makes good on its promise to attain 60 miles per hour in less than six seconds. Musk's forthcoming product will unveil a customary rear-wheel drive and a discretionary front-steered brand.

For those raring to get their hands on an electric vehicle, opting for the Chevy Bolt EV is more appropriate since GM's waiting list is nowhere near the thousands figure. The Tesla Model 3 has around 400,000 reservations with majority of the units likely to be delivered in 2019.