For 2023, Chevrolet’s cut the prices on its Bolt EV and Bolt EUV electric cars, by kind of a lot. Like, nearly 20 percent. As of right now, the 2023 Bolt EV could be the cheapest electric vehicle on sale.
Chevrolet lopped off $6,300 from the 2023 Bolt EUV, for a $28,195 starting price, including destination. The 2023 Bolt EV lost $5,900 from its base price, bringing it to $26,595, including destination. This seems to fly directly in the face of claims that rising lithium costs will likely cause EV prices to rise. Rivian and Lucid both have come under fire for price hikes, and some are concerned that future EV entries (like the Fisker Pear) won’t be able to make their price promises.
GM told several other outlets that the price adjustment is to make the Bolt EV and EUV more competitive in the market. Fitting, in the United States, GM had exhausted its EV tax credits. No GM vehicle is eligible for the federal $7,500 tax credit.
By comparison, the former cheapest EV titleholder, the Nissan Leaf starts at $28,425, including destination. This is for the base Leaf S, which is less powerful and can only do 149 miles, compared to the Bolt EV and Bolt EUV’s more than 240-mile range.
GM has big plans for the Bolt lineup, post recall. According to GM, the Bolt lineup will have the second-highest advertising spend of any GM vehicle on sale. Coupled with the lower price, this might just be the trick to rocket the Bolt EV and Bolt EUV to the top of the sales charts.
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