There is a race to grab the long-range, but affordable electric car segment and the Chevrolet Bolt EV will likely be the first one with 200 miles of range (see full details, pics, specs and launch video of the plug-in Chevy from Las Vegas here).

For sure we should expect other serious entries from companies like Nissan, Daimler, Hyundai, VW Group or BMW (maybe an i5?).

And then there is Tesla Motors, which up to date didn't have competition due to its focus on the high-end part of the market. The more Tesla turns to mass market, and established carmakers go for long-range, the more fierce the competition will be.

Reuters states:

"The Bolt's estimated range and price matches what Tesla, the Palo Alto electric car maker, has been promising for years – a practical rechargeable car for the masses. Tesla's repeated delays in delivering its second luxury vehicle – the Model X crossover – raise doubts about whether Tesla can quickly match the fresh competition from GM."