Hi! EV lovers. In this quick post, we will look into the pricing details of the new 2023 Chevrolet Bolt EV.
Further, we will try to compare the Chevrolet Bolt EV MSRP Vs EUV Price. We will also see how this EV has become the cheapest EV available in the US market.
Toward the end of the article, we will look into the specs of this new Chevrolet Bolt EV.
MSRP of the 2023 Chevrolet Bolt EV
The new 2023 Chevrolet Bolt comes in two trims, namely, 1LT and 2LT. And the price varies based on the trim you are interested in purchasing.
Talking the 2023 Chevrolet Bolt with the 1LT format, it has an MSRP of $25,600 and an additional destination charge. Whereas, the 2LT 2023 Chevrolet Bolt format comes with an MSRP of $28,800
Is Chevrolet Bolt EV eligible for Federal tax credit?
Chevrolet Bolt EV has crossed the 200,000-unit sales threshold and a $7,500 federal tax credit is no longer available. But as per states, you may be eligible for some incentives on this model.
For instance, buying or leasing a 2022 Bolt EV as per the California Clean Vehicle Rebate program will offer $2,000 to buyers.
2023 Chevrolet Bolt EV price Vs last year’s MSRP
Chevrolet has delighted customers this time by offering a handsome discount on the new 2023 Chevrolet Bolt EV. The company has cut down the price by a decent amount of $6000 for 2023 compared to last year.
Last year it was priced at an MSRP of $31,500 and now the company has brought down the price to an MSRP of $25,600.
This $6000 price cut has been made across all the formats including 1LT and 2LT trims available. The 2LT has a base price of $28,800 for 2023.
The Bolt EUV is now available at the base price of $27,200 and the EUV Premier is $31,700.
Now the question is, does this price cut will make the new Chevrolet Bolt the cheapest EV in the USA? Let us see.
The cheapest EV in the USA: Nissan leaf or Chevrolet Bolt?
Do you have any guesses on the cheapest EV available in the USA? Here is the whole story. To know the cheapest you have to look at all other budget EVs available.
Chevrolet Bolt EV rivals like Nissan Leaf and Hyundai Kona electric are the main price competitors. Nissan Leaf and Hyundai Kona electric are available at $27k and $31K price points.
So, does the $25,600 Chevrolet Bolt EV the cheapest EV in the USA? The answer is both, “Yes” and “No”. Here is the whole picture.
The main difference is in the eligibility for Federal tax credits. Nissan Leaf and Hyundai Kona electric are both eligible for Federal tax credits, whereas, Chevrolet Bolt EV is not eligible.
Considering the $7,500 federal tax credit the Nissan leaf is the cheapest EV. But if go by the MSRP and ignore the federal tax credit, the new 2023 Chevrolet Bolt EV is the cheapest EV available in the USA.
2023 Chevrolet Bolt EV MSRP Vs EUV Price
As stated earlier, when talking about the new price cut across all the segments and trims, both Chevrolet Bolt EV and Chevrolet Bolt EUV.
The new updated price for the 2023 Chevrolet Bolt EV is $25,600 whereas Chevrolet Bolt EUV is priced at $27,200.
But the EUV version comes in two formats, the EUV base format, and EUV Premier. The new Chevrolet Bolt EUV Premier is available at an MSRP of $31,700 after a $6000 price cut for 2023.
2023 Chevrolet Bolt EV Specs
Now let us look into some important features of the 2023 Chevrolet Bolt EV. Let’s start with the range. The new Chevrolet Bolt has an EPA-estimated range of 239 miles powered by a 65 kWh lithium-ion battery.
This battery can generate 200 horsepower and 266 lb-ft of torque.
The battery and electric components of this EV come with an 8-year/100,000-mile warranty. On a 240-volt setup, Chevrolet Bolt takes up to seven hours to completely charge.
Here are some more features of the 2023 Chevrolet Bolt EV:
- Has 17-inch alloy wheels
- Heated side mirrors
- 8-inch digital driver information display
- A 10.2-inch touchscreen
- LED exterior lighting
- 36 inches of rear legroom
- 16.6 cubic feet of luggage space