2023 Chevrolet Bolt EV and Bolt EUV get $6,000 cheaper

Vlad, 01 June 2022

We've gotten used to EV makers hiking prices left and right recently, in what seems like a never ending game of one-upmanship. Chevrolet, however, has other ideas, and so it shockingly revealed a price cut today.

This applies to both the 2023 Bolt EV and the 2023 Bolt EUV, which are approximately $6,000 cheaper than the 2022 models. The 2023 Bolt EV in the 1LT trim starts at $26,595, down from $32,495. In the 2LT trim, you can buy one for $29,795, down from $35,695.

Chevrolet Bolt EV Chevrolet Bolt EV

The 2023 Bolt EUV is starting at $28,195 with the LT trim, which used to cost $34,495. The 2023 Bolt EUV in the Premium trim goes for $32,695, down from $38,995.

All of the prices quoted above include the $995 delivery fee. Orders for these 2023 models will start in July.

Commenting on the price cuts, a GM spokesperson said "this change reflects our ongoing desire to make sure Bolt EV/EUV are competitive in the marketplace", adding that "affordability has always been a priority for these vehicles".

That's definitely a breath of fresh air in this day and age when we're surrounded by price increases, not price drops. As you've surely noticed, all of the Bolt EV/EUV trims are now cheaper by around $6,000, which is quite a significant amount given that these were amongst the most affordable EVs in the US market to begin with.

Chevrolet Bolt EUV Chevrolet Bolt EUV

On the flip side, GM has a competitive disadvantage when it comes to tax credits, which only apply for the first 200,000 EVs sold by a manufacturer in the US. GM reached that threshold back in 2019, and since then its vehicles are no longer eligible for the $7,500 tax credit, but a lot of their competitors are.

Chevrolet has recently introduced a new Redline Edition for the Bolt EUV with a lot of red accents everywhere, probably in the hope of making it more sporty-looking and thus more appealing to prospective customers.



Reader comments

The car was already good but now it will make even some tesla fanbois think whether it is worth spending all that money for a badge.



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