GM generated headlines last week when it announced new cheaper pricing for the 2023 Chevy Bolt EV and Bolt EUV that will bring both vehicles below the $30,000 threshold. Unfortunately, these same price changes will not be applied to the battery-electric subcompacts in Canada, with the pair set to continue on with the exact same pricing structure for the 2023 model year.
Pricing for the 2023 Chevy Bolt EV in Canada will start at C$39,998 including the mandatory C$1,800 destination and freight for the entry-level LT trim, while pricing for the Bolt EUV in the LT trim will start at C$41,998. Pricing for the Bolt EUV Premier will start at C$45,498. These prices are unchanged from the 2022 model-year Bolt EV and Bolt EUV in Canada.
|2023 MSRP + DFC|
|2022 Chevy Bolt EV LT||$39,998|
|2022 Chevy Bolt EUV LT||$41,998|
|2022 Chevy Bolt EUV Premier||$45,498|
GM Canada indicated the automaker did not see a need to apply a lower price to the Bolt EV or Bolt EUV, as many rival offerings occupy a similar price point.
“Chevrolet Canada plans our portfolio pricing for our market based on the EV competitive landscape in Canada,” a spokesperson said in an emailed statement. “Bolt EV and Bolt EUV remain competitively priced in Canada for customers looking for long range and technology features at an affordable price.”
It’s worth pointing out that the model structure for the Chevy Bolt EV is a bit different in Canada than in the U.S. Canada only has the 1LT trim level, whereas the U.S. has both the 1LT and 2LT. The Canadian-spec Bolt in the 1LT trim includes some features that are optional on the U.S.-spec 1LT, such as heated front seats and a heated steering wheel.
In the U.S., the 2023 Chevy Bolt EV will be priced from $26,595 including destination and freight, which is $5,900 cheaper than the 2022 model. At the current exchange rate, this would be equivalent to C$33,455. The 2023 Bolt EUV, meanwhile, will be $6,300 less expensive at $28,195, which is equal to C$35,468 at current exchange rates.
The Chevy Bolt EUV’s main competitor in Canada is the Hyundai Kona EV, which is priced from C$46,449 including destination and freight.