Amid price increases on just about everything these days, GM is taking a different tack. The automaker lowered the prices of its 2023 Chevrolet Bolt EV and larger Bolt EUV electric vehicles. The Bolt EV starts at $26,595 and is now the cheapest new EV you can buy, taking the top spot away from the 2022 Nissan Leaf, which starts at $28,425 (all prices include destination).
For 2023, Chevrolet slashed Bolt EV prices by a healthy $5,900 for both the 1LT and 2LT trims. Prices are also down for the 2023 Bolt EUV, which starts at $28,195 in LT trim and $32,695 for the Premier trim — reductions of $6,300 per trim.
Both EVs use an electric motor and a 65-kilowatt-hour lithium-ion battery pack good for 200 horsepower and 266 pounds-feet of torque; GM-estimated ranges are 259 miles for the Bolt EV and 247 miles for the Bolt EUV. The standard-range 2022 Leaf, meanwhile, has a 40-kWh battery and 147-hp electric motor and 149 miles of range. The more expensive Leaf Plus has a 62-kWh battery, 214 hp and a range boost up to a maximum of 226 miles, depending on trim.
This is the second year in a row GM has lowered Bolt EV and EUV prices, and it comes at an opportune time — GM’s vehicles are no longer eligible for the $7,500 federal tax credit, and the models need an image boost after being plagued by serious, battery-related recalls over the last year.
According to Chevrolet communications rep Shad Balch, the price move was made to keep the models competitive.
“This change reflects our ongoing desire to make sure Bolt EV/EUV are competitive in the marketplace. As we’ve said, affordability has always been a priority for these vehicles,” Balch said.
Production of the 2023 Chevrolet Bolt EV and Bolt EUV will start in the summer.
Keyword: Fire Sale: Chevrolet Cuts 2023 Bolt EV, EUV Prices by Thousands