The 2023 Chevrolet Bolt EV will get a small value improve for 2023, now beginning at $27,495 with vacation spot included. It is nonetheless inexpensive than the 2022 mannequin, and it additionally presently qualifies for the complete $7,500 EV tax credit score underneath the Inflation Discount Act, which took impact on January 1.
In keeping with Chevrolet’s web site, the listing value for a 2022 Bolt begins at $31,500, excluding taxes, title, licensing, and different charges. Final June, Chevrolet introduced a $6,300 value lower for the 2023 Bolt, decreasing the bottom value to $26,595, together with the vacation spot payment.
A spokesperson at GM confirmed the worth improve, indicating it is the results of industry-related pricing pressures. “The Chevy Bolt EV and EUV noticed modest value will increase beginning in 2023, however we anticipate it to stay America’s most reasonably priced EV.”
With the present value improve, the bottom value is up $900 however continues to be $5,000 cheaper than the 2022 mannequin. It additionally stays among the finest electrical automobile offers because of the low listing value and extra out there reductions.
Beforehand, the Chevrolet Bolt misplaced the $7,500 EV tax credit score when it reached the 200,000-unit gross sales cap in place for the motivation. That modified as soon as the brand new Inflation Discount Act took impact in January, which offers tax credit for EVs manufactured within the US. At present, the Bolt qualifies for the complete $7,500 EV tax credit score, however it may drop to $3,750 if the US Treasury revises its steering for battery supplies when it meets in March.
Added up, it is doable to purchase a 2023 Chevrolet Bolt for underneath $16,000 with the $7,500 EV tax credit score and all the reductions. The reductions and aggressive pricing are a part of GM’s technique to maintain the Bolt aggressive, delivering sturdy gross sales within the EV market. GM beforehand set a objective of promoting 400,000 EVs by way of the top of 2023 however not too long ago scaled again that concentrate on because of delays in battery pack manufacturing and challenges in hiring and coaching meeting staff.
