America’s cheapest long-range EV just got a little more expensive.
The Chevy Bolt and Bolt EUV made headlines last year when dramatic price cuts brought the two EVs well under the $30,000 range, every rival EV that was capable of more than 200 miles of range. Now, both models have had slight adjustments to the base price. For the Bolt EV, the price has risen $900, to $27,495. The Bolt EUV’s price increase is smaller, only $600, bringing the new price to $28,795. Both cars are also subject to a $995 destination fee.
GM blames “industry-related pricing pressures” for the price increase, which could point to the skyrocketing price of lithium and other battery materials. The volatile pricing of said minerals has greatly affected other manufacturers, like Ford, which increased the price of the F-150 Lighting several times and by thousands of dollars.
It isn’t all bad, though. With the passing of the Inflation Reduction Act, the 200,000 plug-in sales cap was removed, meaning GM EVs now once again qualify for tax credits. Also, the battery material and manufacturing clause has been postponed, so at least for a few months, the Chevy Bolt and Bolt EUV will qualify for the full $7,500. Even without it, the Bolt EV and EUV remain the cheapest long-range EV options on the market. The Nissan Leaf S starts between the Bolt EV and EUV, but its small 40kWh battery can only muster an EPA-rated 150 miles of range. Far less than the Bolt EV’s 259 miles, or the Bolt EUV’s 247 miles.
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