The Electric 2023 Chevy Bolt and EUV, All you want to know & watch about a Great Car
The Electric 2023 Chevy Bolt and EUV Now Cost Thousands Less
Having run out of the federal tax credit incentive, GM slashes prices for its Bolt EV and EUV.
Chevrolet has been consistently tweaking the pricing of its Bolt EVs for years, trying to strike an affordable balance as sales eat away at the finite federal tax credits available with the purchase of an electric car. Now that the fed’s discounts for Chevy customers are all used up (no more $7,500 tax credit with a Bolt purchase!), the 2023 Chevy Bolt EV and Bolt EUV are once again getting a massive cut, this time of up to nearly $6,000 off of the 2022 model year’s list price.
It’s somewhat surprising to see an EV—or, well, any vehicle, really—take massive price cut in the current market, considering many EV automakers have had to do the opposite and increase their vehicle prices to account for supply chain shortages. Apparently GM isn’t feeling as much pressure as some other automakers, and is rewarding potential Bolt customers with the same deal they would have gotten if the federal tax credit were still available. Recent press surrounding Bolt fires—an issue since addressed via a recall—surely is a contributing factor, as well; nothing like a good price story to change the narrative.
The 2023 Chevy Bolt now starts at $26,595 for the 1LT trim, and $29,795 for the 2LT trim, a massive price cut from 2022’s $32,495 and $35,696 price tags.
For the 2023 Chevy Bolt EUV crossover-ish thing, the LT trim now starts at $28,195, down from $34,495, and the Premier trim now starts at $32,695, which is down from last year’s $38,995. Add $495 to either’s price for the EUV-only Redline Edition.
All prices factor in a $995 dealer freight charge already, so those figures are pretty close to what you can expect to pay, at least before any available local EV incentives or rebates are factored in. There are no other major changes to the Bolt lineup or standard equipment, at least for now.
With the announcement, Chevy says the pricing moves reflect the company’s “ongoing desire to make sure Bolt EV/EUV are competitive in the marketplace,” and that “affordability has always been a priority for these vehicles.” We can assume that GM can front the reduced sticker prices thanks to growing volume and production scale over the past few years working down manufacturing and supplier costs.
The new pricing sends the 2023 Bolt EV to the top of our list of most-affordable EVs on sale today, bumping down the Nissan Leaf to No. 2, and the Bolt EUV now ranks at No. 3 with its new starting price, pushing the Mini Cooper SE EV down a peg.
GM tells MotorTrend that more details about potential home charging installation offers for Bolt customers will be announced closer to the 2023 Bolt’s summer production schedule.