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$6,000 price drop for lineup as GM aims to prioritize affordability

Chevrolet has introduced that its 2023 Bolt EV and EUV value lower than equal 2022 Bolt EV and EUV fashions. 

The 2023 Chevy Bolt EV begins at $28,595, together with vacation spot costs, whereas the Bolt EUV begins at $28,195.

That’s a worth drop of $5,900 for the Bolt EV and a drop of $6,300 for the Bolt EUV—reductions that maintain for each the 1LT and 2LT variations of the EV and the LT and Premier variations of the EUV. 

The Chevrolet Bolt EUV Redline Version, which GM revealed final month, prices simply $495 additional and brings gloss-black 17-inch wheels with pink accents, a black-and-red Bolt EUV badge, and different pink accents on the surface. It additionally provides black leather-based upholstery with pink accent stitching inside—extras which can be in any other case a part of the elective Comfort Bundle on the upscale Premier. 

2023 Chevrolet Bolt EUV Redline Version

The Bolt EV and EUV in any other case carry over from 2022, once they got an in depth refresh. Each are powered by a 200-hp electrical motor on the entrance wheels, with a 65-kwh battery pack affording a spread of 259 miles for the Bolt EV or 247 miles for the Bolt EUV. 

Such examples make the Bolt EV a refreshing outlier within the new automobile market. Examples wherein affordability improves from mannequin 12 months to mannequin 12 months are few and much between. Right now’s common new-vehicle transaction worth within the neighborhood of $45,000, and provide chain woes and inflation making annual sticker-price bumps all of the extra vital (and painful). 

It’s all of the extra noteworthy when final 12 months already was the affordability play—with a $5,500 worth reduce versus the 2021 mannequin. 

2022 Chevrolet Bolt EV

2022 Chevrolet Bolt EV

That 2022 worth reduce got here after the EV tax credit score fully phased out for GM in April 2020. Since then there have been two failed makes an attempt at reloading the tax credit score. 

Moreover, GM has somewhat additional incentive to make good with customers forward of the rollout of different inexpensive electrical fashions. The recalibrated pricing makes area under the $30,000 Chevy Equinox EV arriving in 2023, for the 2024 mannequin 12 months. And forward of the supply of these extra mass-market fashions powered by GM’s new-generation Ultium battery expertise, it helps construct goodwill within the wake of an in depth battery-defect-motivated recall of the Bolt EV—together with intensive battery replacements of many 2017-2019 fashions. 

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