The 2017 Chevrolet Bolt is taking things to the next level, becoming the first pocket-friendly, long-range electric vehicle available in the US market and beating Tesla Model 3 and Nissan's Leaf.

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Chevy officially introduced the newest addition to its family and is now available for purchase with a price tag of $29,995 after federal tax credits ($37,495 without it). The consumer-ready Chevrolet Bolt finally hit off the states of Oregon and California, with other parts of the country to be covered by the middle of this year, the CDA News reported.

The Chevrolet Bolt is a 5-seater, 5-door crossover, boasting a range of 238 miles on a single charge of its 60-kWh battery pack. Furthermore, a 240-volt charge could add an estimated 24 miles in an hour, while the normal 120-volt home outlet with only 4 miles. Consumers could, however, opt to upgrade further and add up to 90 miles to the battery in merely half an hour using the DC fast charger that costs $750.

Of note, GM said that while the cost to fully charge the battery during peak energy times is $12, the price is slashed three times, making it only $4, overnight.

The EV also makes 266 lb-ft of torque, allowing the Chevrolet Bolt to propel from 0 to 60 in just 6.5 seconds.

The Chevrolet Bolt also has other exciting features to boast about including its power regeneration functions. Instead of stepping on the brake system, drivers could pull the paddle found on the steering wheel to slow down, thereby allowing extra energy to be reconverted into electricity.

Moreover, when the Bolt is in Low mode, the accelerator pedal serves a dual functionality. It could slow down the car or bring it to a complete stop, which could also help conserve brake pads and electricity.

"If you're going to go to the masses, it can't be this quirky things," Mike Lelli, Bolt's chief engineer, said. "There are lots of people who like the car not because it's zero-emissions but because of the way it drives."

Check out the all new Chevrolet Bolt below: