Chevrolet took this week's North American International Auto Show as an opportunity to unveil the concept for its new electric vehicle.

The orange hatchback concept, called the Bolt EV, comes with five seats and a range of more than 200 miles, according to The Detroit News. The General Motors-owned automaker will begin selling the vehicle at $30,000.

"We're pretty convinced that this is the right vehicle at the right time," said Alan S. Batey, president of GM North America. "We've got this pretty nailed down and we know how to do it. We would not have today come here and talked about 200 miles and $30,000 if we didn't really know how to make that happen."

Chevy's new electric car is designed to provide more interior space, headroom and legroom for passengers than its predecessors like the Volt and Spark, PC Magazine reported. Ed Welburn, vice president of GM Global Design, described the interior as a "sanctuary" that treats drivers and passengers, especially those in cities, to a "more soothing driving experience."

Thanks to the Bolt EV Connect app, drivers will be able use their smartphones as a key fob for vehicle location, reservations, digital key, payment processing and other forms of ride-sharing management.

The car also comes with several driving modes for adjusting the steering, acceleration and suspension, as well as a 10-inch capacitive touchscreen in the interior, Engadget reported.

"The Bolt EV concept is a game-changing electric vehicle designed for attainability, not exclusivity," said GM CEO Mary Barra, according to PC Magazine. "Chevrolet believes electrification is a pillar of future transportation and needs to be affordable for a wider segment of customers."

Drivers shouldn't plan on getting their hands on the Chevy Bolt for a little while, as the car is expected to become available sometime in 2017.