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.
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So basically GM's response is "everyone else is screwing Canadians over, so why shouldn't we"
I was hoping we would get a discount on the Chev Bolt EV that would bring it into my budget range. I fully understand that there are added features on the Canadian model that don’t appear on the American 1LT model.
But if they had even discounted it to 35,000 CDN with delivery & pdi included I would have bought one. Now I will stay with my gas powered Kona and to hell with GM. Canadians screwed again!
Once again, GM thinks less of Canadians. First we can't even choose our trim package and interior color, now they are not extending the pricing discounts like the US enjoys. Very unprofessional. I am canceling my order.
What do you mean you cannot choose your trim package and interior colour? I had no trouble doing that.
I was going to order a 2023 with that announcement last week. I guess not anymore.
Probably will cancel my reservation as well.
I will pull my order as well
Will cancel my reservation as well.
Just buy one from the states... Problem Solved...
You would come out way behind in that deal. You would not receive the Federal & Provincial rebates, you would have to pay import taxes & duties. There's also a fee & a vehicle inspection for importing a vehicle. Unfavorable exchange rate. Finally, the US dealer may refuse to sell you the vehicle: (Subaru banned US dealers from selling to Canadians a while back when the exchange was better). GM may be imposing a similar restriction given the current supply issues.
Won't matter , when their new EV line comes out and is priced in the 30's , they won't be able to give Bots away
Maybe they will lowering the interest rate.
GM reduced the price in the US to compensate for the lack of federal incentives compared to other manufacturers.
They are excluded because they reached the maximum threshold, like Tesla.
So, nobody's screwing Canadians here. Most provinces already have potent incentives.
And if you find the Bolt too expensive, then you won't ride an EV anytime soon. It's still the cheapest long range EV.
Yes, they are. The Bolt can obviously can make a profit at the lower price point, so they are just using the Canadian incentive as a way to pad the bottom line - by thousands and thousands of dollars per car.
Which is what all these manufacturers are doing. Once the incentive is gone, they will all drop their prices.
So I guess the price should be cheaper in different provinces depending on incentives then? Quebec should retail for more because they have high incentives, and Manitoba should have a lower retail price.
Does California have a higher retail than Kansas? They have more incentives so the retail price could be higher.
That's how the higher retail in Canada vs USA is justified, so why not province to province, and state to state?
They are obviously still making money with the new lower retail price.
I acted a little quick when this news came out. When you look at pricing of other cars against the Canadian $, the bolt is not much different. I am driving the Bolt EUV Premier and I love it!
That makes no sense TCK...
Many individual States still had incentives.
Even if what you said had an inkling of truth, then here we are in 2023 with a new $7,500 Federal incentive in the USA, and prices have not gone back up. So, where is the basis of fact to support what you claimed?
The Bolt no longer qualifies for a rebate in the US, but still does in Canada. Shamefully obvious what they're doing.
But Mary Barra cares about the environment so it's ok, right?
So obvious in fact that now in 2023 with a new $7,500 Federal incentive they have increased the price to compensate. Oh wait, no they didn't... Well, there goes your 'shamefully obvious' theory.
The only thing shamefully obvious is that GM screwed Canadian customers. They were able to do this simply because, even at the full original price, the Bolt is still a better deal than anything else available in Canada.
Except the "competition" is offering more advanced vehicles for the "competitive" price. GM's decision to stick with a 50kW DCFC rate makes the Bolt much less desirable compared to the Kona. They're either going to have to give the Bolt a real refresh (not just body panels & seats), drop the price, or abandon the segment to Asian/European manufacturers (because once the Bolt is gone, GM will most likely stick with SUV's, trucks & luxury vehicles - just like the other members of the big 3).
The Kona is only 75kw for DC fast charging so barely any better, and actually worse for onboard level 2 charging than the Bolt. The Kona is also less efficient, and less capable of reaching its claimed range. The Bolt is targeting people that can charge at home - which is why Chevrolet even pays for your level 2 charger circuit install.
I think the low 55kw fast charging is more protective of the battery. The slower rate of 55kw means less heat and stress on the battery. It may take a little longer to charge, but I believe it is better for the battery
I will still order a 2023. But 4 years from now. I am sure others will be at better price points and won't forget the snub to Canadian prices.
My understanding is that the US Bolts got a price drop for 2022 because the US rebates ended. This price drop was also passed on to Canadians, even though they still got government rebates.
This was good for Canadians, but didn’t really make sense to me. The lack of a 2023 Canadian price drop might be to correct this.
This second US price drop might be to put the Bolt more in line with the 2024? Equinox EV pricing which will be quite low.
I think the Bolt is a great car, but the technology is now dated.
The price should be lower than the Kona, which has newer tech and especially heat pumps, which are important in Canada.
Heat pump, dual zone climate control and powered lift gate are the things I would add to my wish list for the Bolt EUV. I can live with 50kwh DC charging but that's because I don't make many long trips.
id buy Kone electric in a second, if i could find one, but I have read the 2023 Konas will be sold in my states when they come out, and its getting a make over, its my number one EV to buy, if I can find one