How much does a Chevy Bolt EV cost?
The Chevy Bolt EV is an all-electric vehicle that offers a compelling combination of affordability, range, and performance. With a starting price that makes it accessible to many consumers, the Bolt EV has become a popular choice for those looking to make the switch to electric driving.
Chevy Bolt EV Pricing and Trims
The Chevy Bolt EV is available in several trim levels, each with its own starting price. According to the latest information from Chevrolet, the base model Bolt EV has a Manufacturer's Suggested Retail Price (MSRP) of $25,600 before any applicable federal, state, or local incentives or tax credits.
The higher-end Bolt EV Premier trim starts at an MSRP of $27,200, also before incentives and credits.
It's important to note that the actual price a customer pays for a Bolt EV can vary depending on location, dealer discounts, and the availability of any applicable electric vehicle incentives or tax credits. These can significantly reduce the out-of-pocket cost for buyers.
Factors Affecting the Bolt EV's Affordability
Several factors contribute to the Bolt EV's relatively affordable pricing:
- Economies of Scale: As Chevrolet has increased production and sales of the Bolt EV, the company has been able to benefit from economies of scale, allowing them to lower the vehicle's base price.
- Federal Tax Credit: The Bolt EV qualifies for the federal electric vehicle tax credit of up to $7,500, which can further reduce the effective purchase price for eligible buyers.
- State and Local Incentives: Many states and local governments offer additional incentives, such as rebates or tax credits, for the purchase of electric vehicles like the Bolt EV. These can vary significantly by location.li>
With these factors in mind, the Chevy Bolt EV can be an affordable and accessible option for many consumers looking to make the switch to an all-electric vehicle.
Is Chevy Bolt the cheapest EV?
The Chevy Bolt EV is the most affordable electric car on the market for the 2023 model year.
How many miles can a Chevy Bolt go on a full charge?
259 miles
Stylish, sporty, and powered by electricity, this smart compact car has plenty of get-up-and-go while delivering zero emissions. What is the 2023 Chevy Bolt miles-per-charge? You can expect a Chevy Bolt EV range of up to 259 miles* on a full charge.
Is the Chevy Bolt eligible for the $7500 tax credit?
As of early 2024, Chevy EVs that qualify for tax credit include the Chevy Bolt EV and Chevy Bolt EUV. As more information becomes available, the Chevy Silverado EV, Chevy Equinox EV, and Chevy Blazer EV are expected to qualify as well.
Why is Chevy discontinuing the Bolt?
This was compounded by recalls in 2020 and 2021 due to fire concerns related to defective batteries from suppliers and manufacturers alike. Reports indicate that at least a dozen Bolts experienced spontaneous fires due to this issue.
