Tesla Model 3
A wheel of a prototype of the Tesla Model 3 on display in front of the factory during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker in Sparks, Nevada, U.S. July 26, 2016. Reuters/James Glover

The Tesla Model 3 electric car now has an advantage over the Chevy Bolt. CEO Elon Musk recently revealed details about the driverless hardware that is being built into the new cars and that include the Model 3.

Despite the Bolt coming in semi-autonomous features such as front-pedestrian braking and lane-keep assist along with a top speed of 91mph and a price tag of US$37,500 (AU$50,000 approx), before federal tax exemptions, the electric car everybody is looking forward to is the Tesla Model 3.

The driverless tech being built into the Model 3 gives it an edge over the others. As per Business Insider, the hardware will enable the Tesla Model 3 to be fully driverless and the car is expected to provide a demo by the end of 2017.

The new hardware incorporated in the Tesla Model 3 has boosted its Autopilot capabilities. The system has been named Enhanced Autopilot. It will allow the Model 3 to match speed as per traffic conditions, merge on and off highways, park itself and change lanes automatically without driver’s input.

The fully driverless Tesla Model 3 could be purchased at US$43,000 (AU$56,000). The Model 3’s baseline specs are pretty similar to Chevy Bolt. The Model 3’s will have a slightly lower mile range of 215 miles. However, with Tesla’s track of rolling out models with several battery options, the Model 3 can also be at par with the Chevy Bolt’s range.

Tesla hasn’t yet revealed the top speed of the Model 3. Musk has set a target of delivering 500,000 cars annually by 2018 and one million cars by 2020. Thus, those planning to buy an electric car right away can go for the Chevy Bolt without second thoughts. However, those who can wait for some time can get their hands on the Tesla Model 3.

According to NVIDIA, the Tesla Model 3 will have all the safety features required to achieve driving capabilities greater than a human driver and to be completely road-worthy. These plans will be made possible by NVIDIA, a top graphics specialist as Tesla has joined hands with the company to make its plans successful.