These days, EV makers like Tesla and Rivian are raising vehicle prices at an alarming rate, but GM decided to do the opposite. The already affordable Chevy Bolt EV and EUV just got a massive price cut for 2023 models.
According to GM, “affordability has always been a priority for these vehicles,” and that trend will continue with the new model later this summer. GM is lowering the price of its compact EV amid high demand, but likely also because of its fire recall situation from a year earlier.
If you’re considering an EV and want something ultra affordable, the Bolt EV or EUV could be a perfect fit. With this latest price adjustment, the 2023 Bolt EVs start at $26,595, which is 18% lower than the previous model’s $32,500 price. And yes, that price includes dealer delivery charges, which means it’s one of the most affordable electric vehicles out there. For those wondering, the Bolt EV gets around 259 miles on a single charge.
Plus, the Chevy Bolt EV (2LT trim) is packed with leather seats, lane departure alerts, and other upgrades, and will see a similar 16% discount for the new model year. The 2023 Chevy Bolt 2LT trim will start at $29,795, compared to the 2022 model that rings in at $35,695.
Those interested in a slightly larger compact electric vehicle can choose the Bolt EUV (Electric Utility Vehicle), which is slightly longer than the regular model and offers more legroom. The 2023 Bolt EUV in LT trim will set you back around $28,200, which is again 18% lower than last year.
Chevy’s top-of-the-line Bolt EUV Premium model no longer costs $39,000 either, and GM has marked down the 2023 model to start at $32,695. Obviously, a Chevy Bolt is very different from a Tesla Model 3, but when you look at the huge price difference, many may choose the more affordable route.
Once this new price goes into effect, GM will have a new 2023 Chevy Bolt EV available for $26,000 and will also offer vehicles like the GM Hummer EV for over $128,000, which means you’ve got all your bases covered.
After a lengthy recall, GM and Chevy finally resumed production of the Bolt EV and EUV in April of this year, and now they’re more affordable than ever.
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