It turns out the rumor was true as Chevrolet has taken the wraps off the Bolt EV concept today in Detroit at 2015 NAIAS.

The concept takes the shape of a five-door hatchback in the same vein as the BMW i3 with short front & rear overhangs and is built by using a combination of lightweight materials such as aluminum, carbon fiber, magnesium and woven mesh. It boasts aerodynamically-optimized vented rear fenders which help increase range while LED technology was used for both headlights and taillights.

Chevrolet says the interior cabin offers a generous amount of headroom and legroom which combined with the see-thorough roof enhances the feel of spaciousness. It's a high-tech cabin with slim seats installed on exposed aluminum pedestals while the minimalistic center console adopts a floating design and hosts a 10-inch capacitive touchscreen display.

Hardware specifications have not been released but the Bolt EV concept is capable of providing a range of more than 200 miles (322 km) and if built, it would carry an estimated starting price of $30,000.

Additional details are available in the attached press release.