Is the bolt worth it?
The Bolt, a new electric vehicle (EV) from a major automaker, has been generating a lot of buzz in the automotive industry. But is it really worth the investment? In this article, we'll take a closer look at the Bolt and help you decide if it's the right choice for you.
What is the Bolt?
The Bolt is an all-electric vehicle that was first introduced in 2016. It's designed to provide a long-range, affordable option for consumers looking to make the switch to electric. The Bolt boasts an impressive range of up to 259 miles on a single charge, making it one of the longest-range EVs on the market.
Key Features of the Bolt
- Long Range: The Bolt's 259-mile range is one of its standout features, allowing drivers to travel longer distances without needing to recharge.
- Affordable Price: With a starting price of around $36,500 (after federal tax credits), the Bolt is one of the more affordable long-range EVs available.
- Spacious Interior: The Bolt offers a roomy cabin with ample space for passengers and cargo, making it a practical choice for families or those with active lifestyles.
- Advanced Technology: The Bolt comes equipped with a range of advanced features, including a large touchscreen infotainment system, wireless charging, and advanced driver assistance technologies.
These features make the Bolt an attractive option for those looking to make the switch to electric, but there are also some potential drawbacks to consider.
Potential Drawbacks of the Bolt
- Limited Charging Infrastructure: While the Bolt's range is impressive, the lack of a widespread public charging network in many areas can make long-distance travel a challenge.
- Charging Times: Depending on the type of charger used, the Bolt can take several hours to fully recharge, which may not be convenient for some drivers.
- Battery Degradation: Over time, the Bolt's battery may degrade, reducing its overall range and performance. This is a common issue with all EVs and should be considered when making a purchase.
Overall, the Bolt is a compelling option for those looking to make the switch to electric. Its long range, affordable price, and advanced features make it a strong contender in the EV market. However, potential buyers should carefully consider the charging infrastructure and battery degradation issues before making a purchase.
Why is the Chevy Bolt so cheap?
These low prices are primarily due in part to Hertz offloading a bunch of its inventory. Of the 609 refreshed Bolt EVs listed on Cars.com, only about 100 are non-fleet models. Get the best news, reviews, columns, and more delivered straight to your inbox.
What is the income limit for the 7500 EV tax credit?
Taxpayer income
The taxpayer's modified adjusted gross income for either the current or prior year must be $300,000 or less for joint filers and surviving spouses, $225,000 or less for head of household filers, or $150,000 or less for other filers.
How to claim $7 500 EV tax credit 2024?
Use Form 8936 to claim either the Qualified Plug-In Electric Drive Motor Vehicle Credit or the new Clean Vehicle Credit. The Qualified Plug-In Electric Drive Motor Vehicle Credit and the new Clean Vehicle Credit are each worth up to $7,500.
What went wrong with Chevy Bolt?
What is the defect in recalled batteries? The problem consists of two LG manufacturing defects (a torn anode tab and folded separator) that, in rare circumstances, can simultaneously present in a single battery cell in the LG battery module.
How much is a Chevy Bolt after tax credit?
But dealers still have thousands of Bolt EVs on sales lots. They officially carry a starting price of $26,500 plus a $995 destination fee, pushing the window sticker to $27,495. But a change to federal EV tax credit law for 2024 allows most Americans to use the Bolt's $7,500 tax credit as a down payment.
Can I get EV tax credit with high income?
The EV tax credit income limit for married couples filing jointly is $300,000. And, if you file as head of household and make more than $225,000, you also won't be able to claim the electric vehicle tax credit. The EV credit income limit is $150,000 for all other filing statuses.
Why is Chevy discontinuing the Bolt?
Regrettably, it has been officially announced that the Chevy Bolt will be discontinued. So, why is the Chevy Bolt being discontinued? Despite its success in sales, General Motors has made the strategic decision to repurpose the factory that produces the Bolt to accommodate the production of electric trucks.
Is the Chevy Bolt eligible for the $7500 tax credit?
As of January 1st, 2025, the Chevy Bolt EV and Chevy Bolt EUV are officially no longer eligible for the federal EV tax credit. Up until December 31st, 2024, buyers could get a tax credit of up to $7,500. This is unsurprising since these EVs have been out of production for over a year now, but now it's official.
What is the lifespan of a Chevy Bolt?
The battery in the Chevy Bolt EV or Bolt EUV is guaranteed to get at least 8 years or 100,000 miles out of a new battery. Keep reading to learn more about the longevity of EV batteries with Sunset Chevrolet.
Is the Chevy Bolt worth it?
2023 Chevrolet Bolt EV Review
Since its introduction back in 2017, the Chevrolet Bolt has been a solid choice for buyers looking for a compact EV. Its EPA-estimated range of 259 miles on a full charge is plenty for daily driving and suitable for an occasional road trip as well.
