Is Chevy Bolt the cheapest EV?
The Chevy Bolt is one of the most affordable electric vehicles (EVs) on the market, but it may not be the absolute cheapest option available. The Bolt's starting price and features make it a compelling choice for many EV buyers, but there are a few other EVs that could be considered more budget-friendly in certain situations.
Chevy Bolt Pricing and Features
The Chevy Bolt has a starting MSRP of around $25,600 after federal tax credits, making it one of the more affordable EVs on the market. The Bolt offers an EPA-estimated range of 259 miles on a single charge, and comes standard with features like a 10.2-inch touchscreen infotainment system, automatic climate control, and a rearview camera.
Other Affordable EV Options
While the Chevy Bolt is a strong contender for the title of "cheapest EV," there are a few other models that may be even more budget-friendly in certain situations:
- Nissan Leaf: The Nissan Leaf has a starting MSRP of around $27,400 after federal tax credits, making it slightly more expensive than the Bolt but still very affordable. The Leaf offers an EPA-estimated range of up to 226 miles.
- Hyundai Kona Electric: The Hyundai Kona Electric has a starting MSRP of around $34,000 after federal tax credits, which is higher than the Bolt and Leaf. However, the Kona Electric offers an impressive EPA-estimated range of 258 miles, making it a strong value proposition.
- Chevrolet Spark EV: The Chevrolet Spark EV is no longer in production, but used models can sometimes be found for under $20,000. The Spark EV had a relatively short range of 82 miles, but it was one of the most affordable EVs on the market during its production run.
It's worth noting that the "cheapest EV" title can also depend on factors like available incentives, financing options, and the specific needs and preferences of the buyer. Ultimately, the Chevy Bolt is one of the most affordable and capable EVs on the market, but there are a few other options that may be worth considering for budget-conscious shoppers.
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.
What is the cheapest price of EV?
List of cheapest electric cars in India
| Model | Range | Price (in ₹) |
|---|---|---|
| MG Comet EV | 230 km | 6.9 lakh |
| Tata Tiago EV | 315 km | 7.9 lakh and 9.9 lakh |
| Tata Punch EV | 315 km and 425 km | 10.9 lakh and 12.9 lakh |
| Citroen eC3 | 320 km | 11.7 lakh |
How to qualify for the full $7500 federal electric vehicle tax credit?
Vehicles meeting both the critical mineral and the battery component requirements are eligible for a total tax credit of $7,500. Vans, sport utility vehicles, and pickup trucks must not have an MSRP above $80,000, and all other vehicles may not have an MSRP above $55,000.
What is Chevy replacing the Bolt with?
2024 Chevy Equinox EV
Uncover the reasons the 2024 Chevy Equinox EV stands as an extraordinary successor to the discontinued Bolt, boasting a bigger size and superior enhancements, distinguishing it in the automotive world. Dive into Chevrolet's world of electric cars, where every journey is a unique exploration into the future of driving.
What is the most cheapest EV car?
The Neta V is the cheapest electric car you can buy in Malaysia, priced at RM100,000 on-the-road without insurance. It comes with a 70kW electric motor and a ternary lithium battery with a capacity of 38.54 kWh. Currently, the Neta V is available in a single variant with a range of up to 380 km.
Which EV is the best value for money?
Top 5 affordable electric cars in India
- Tata Tiago EV. Tata Motors launched its most affordable electric vehicle the Tiago EV in India in September 2022.
- Tata Tigor EV. Tata Tigor EV is the second most affordable model on this list.
- Tata Nexon EV Prime and Max.
- Mahindra XUV400.
- MG ZS EV.
What went wrong with Chevy Bolt?
Due to significant battery issues, the 2022 Chevy Bolt EUV has faced a major recall. GM identified that the high-voltage lithium-ion cells, sourced from LG Energy Solution, could potentially catch fire when charged to total or near-full capacity. This led to the recall of all 2020-2022 Bolt EV and EUV models.
Is EV really cheaper than gas?
A 2020 Consumer Reports study similarly showed that EV drivers tend to spend about 60 percent less each year on fuel costs compared to drivers of gas-powered cars.
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.
How much is a Chevy Bolt after tax credit?
It is included, however, for inventory leases stated as a “$7,500 EV lease incentive distributed across lease term.” Chevy Bolt price with $7,500 EV tax credit: about $19,500 (correction: not $18,500 as originally stated) for the base Bolt EV 1LT trim at dealers in Los Angeles. The MSRP is about $27,000.
