Chevy Bolt EV Discount Offers Scarce During October 2021
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Chevy Bolt EV discount offers are non-existent during the month of October, which is even more conservative than the small cash allowance that was available last month. As GM Authority reported previously, it appears the Bow Tie brand is has ceased offering manufacturer incentives for 2021 Bolt EV models altogether.
For those who are unfamiliar with the product line, the 2022 Bolt EV gets an updated exterior and interior design and is joined by a new, larger sibling: the Chevy Bolt EUV.
Chevy Bolt EV Incentives
The Bow Tie brand began offering incentives for the refreshed Bolt EV in August in the form of a $500 cash allowance, which was offered again last month.
Comparatively, discount offers for the pre-facelift 2021 Bolt EV model were much more generous, including a $9,500 cash allowance in July, which shrunk from $10,500 in June. Notably, the largest manufacturer rebate for the nameplate came in February, which included employee discount pricing and totaled as much as $14,383 in some cases.
Chevy Bolt EV Pricing
For reference, here are the 2022 Bolt EV trim levels with their corresponding starting MSRPs, destination freight charge included:
- 1LT – $31,995
- 2LT – $35,195
Prospective buyers who are comparing the Bolt EV to the larger Bolt EUV may be interested to know that pricing for the EUV is $2,000 more for 1LT models ($33,995) and $3,300 more for 2LT models ($38,495).
Notably, Chevy Bolt EV sales were down nearly 62 percent during Q3 2021. Additionally, the production restart for the Chevy Bolt EV and Chevy Bolt EUV at GM’s Lake Orion Assembly plant in Michigan has been delayed yet again and is likely to remain offline until at least November 1st.
That said, we expect Chevy Bolt EV discount offers to continue to be scarce as inventory levels remain depleted.
We strive to provide accurate and up-to-date information about the vehicles and their incentives in question, but errors and misprints can happen. In addition, the manufacturer can change incentive information at any time and without notice. Always consult with your dealer regarding color availability information before making purchase decisions. GM Authority will not be held responsible for any misprints, typos or any other errors.
Bolt EV News
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Production of the 2022 MY resumed in April.
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There are no discounts because there has been a “stop sale” on both the EV and EUV for the past several months. Chevy dealers are not allowed to sell them until the batteries are repaired. This story should have included the reason there are no discounts being offered.
They’re offering good lease rates tho – probably cranking up the residuals. When I price out a Bolt EV 2LT fully loaded online, a 3 year, 30k miles, $2,500 down lease comes in at $328/month. This is about the same as the Kia/Hyundai twins that are Bolt’s close competitors, and those web sites say they’re giving $5k-10k in incentives.