GM delivers first Chevrolet Bolts, sparking electric car price race

General Motors says first units handed over to customers in Fremont, California, where rival Tesla is scheduled to start producing budget Model 3 in 2017

General Motors has delivered its first Chevrolet Bolt electric cars to three customers in Fremont, California, home to rival electric automaker Tesla's assembly plant.

This allows the Detroit automaker to claim first place in the race to deliver an electric car that can run for more than 200 miles on a charge and has a starting price below $40,000. Tesla CEO Elon Musk has promised its entry in this new segment, the Model 3, will go into production in July.