![]() ![]() Many thought that the implementation of these credits would result in a price hike for the Bolt, but today’s increase of less than a thousand dollars is much lower than expected, especially given the massive price cut the cars got mid-last-year and the increases we’re seeing across the industry. The Bolt doesn’t use Ultium, which means it will eventually disappear from the product lineup as GM unifies its offerings under its new battery platform. Since then, GM has implemented a new battery platform called “Ultium” which underpins its future EV offerings. The Chevy Bolt is the first of GM’s modern EVs, first introduced in the 2017 model year. We expect to continue building the record sales momentum we saw in 2022. ![]() GM emailed us a statement, and said it has “nothing planned beyond what we’ve announced” in terms of price increases:ĭue to ongoing industry-related pricing pressures, the Chevy Bolt EV and EUV will see modest price increases starting in 2023, but we expect it to remain America’s most affordable EV. Chevrolet remains committed in its long-standing role to provide true value. Here’s a list of cars that qualify for the EV tax credit – foreign-assembled cars only qualify if they are leased, not purchased. The Leaf is also manufactured in America, which means it qualifies for the federal EV tax credit as well. The next-cheapest is the base model Nissan Leaf, at $28,040. Originally, it was thought that the Bolt would only qualify for $3,750, but when the IRS pushed back its implementation of some battery guidelines, that made the Bolt eligible for the full $7,500 for the time being.Įven after this price rise, the Bolt remains the cheapest EV available in America. This tax credit allows buyers to claim a nonrefundable $7,500 credit on their federal taxes after buying an EV. ![]() The price rise comes just a few days after the Bolt regained eligibility for the US federal EV tax credit due to the Inflation Reduction Act. Both models are subject to a $995 destination fee on top of these prices. The EUV got a smaller increase of $600, up to a base price of $27,800. The Chevy Bolt now starts at $26,500, up $900 from its previous base price. But the increase is less than expected and less than we’re seeing in a lot of the industry. But the increase is lower than expected and lower than price increases across the rest of the industry, meaning Electrek’s Vehicle of the Year is still a screaming deal.Īfter announcing a ~$6,000 price drop in the middle of last year, GM has now bumped the price of the Bolt back up a little bit. GM has announced a price bump on the 2023 Chevy Bolt EV and EUV, citing higher production costs. ![]()
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