2023 Chevy Bolt EV To Get $5,900 Price Drop40
The 2023 Chevy Bolt EV will be priced from $26,595 including destination and freight, shaving $5,900 off the 2022 model’s MSRP of $32,495.
Chevy has applied the same price change to the 2023 Chevy Bolt EV in the 2LT trim level, dropping its starting price from $35,695 to $29,795.
GM introduced the refreshed Chevy Bolt EV for the 2022 model year and will thus apply only minor changes to the compact hatch for 2023. This includes the addition of the Radiant Red Tintcoat exterior color, which replaces the outgoing Cherry Red Metallic hue, as well as the addition of new dealer-installed front and rear floor liners and an illuminated charging port.
GM is looking to reinvigorate interest in the Chevy Bolt EV and Bolt EUV following the widely publicized battery fire recall on these models. The automaker launched a high-profile ad campaign for the electric compact cars earlier this spring, which will give the Bolt nameplate the highest ad spend at Chevy this year behind only the Silverado. Chevy marketing boss Steve Majoros has also predicted Bolt sales will reach a record high this year, topping the previous high of 23,297 units sold back in 2017. This prediction seems likely to come to fruition given this major price drop, which will put the price of the Bolt EV on par with many comparable internal combustion compact cars.
The 2023 Chevy Bolt EV sticks with the GM BEV2 platform and utilizes a single, front-mounted electric motor, which produces 200 horsepower and 266 pound-feet of torque. A 65 kWh lithium-ion battery provides an EPA-estimated 259 miles of range on a single charge. The electric compact car is produced alongside the closely related Chevy Bolt EUV crossover at the GM Lake Orion Assembly plant in Michigan.
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I had one of these and it was the absolute worst vehicle I have ever owned. It will be a very long time before I think about buying another ev from gm.
Why did you dislike your Bolt? Without any details this post is essentially useless.
I’ve driven one, it’s a nice vehicle. Because where I live/work I don’t think I buy an EV for my only car.
I have a feeling Peter’s never even sit in one. I know a few people who have Bolts (first GM product they’ve ever owned) and they loved their vehicles.
I think this price drop is going to potentially bring a lot more people into the EV fold that wouldn’t have because of cost.
I’m seriously considering it myself.
You do realize certain people will like things and other won’t? Some love the mustang others hate it some love the Camaro others hate it you see how that works?
I have a 2022 Bolt replacing a 2018:Volt. Great car. Love. Sneer at gas stations. My dislike. I bought this car 3 weeks ago and suddenly its value has decreased almost 6k. Thanks GM for taking care of your loyal customers. Makes me rethink my deposit on an E Silverado
Ugly Little Beast. Perfect! -Hey, that’s a great name! I love it! I might buy one now! I’m serious!
I have one and its the absolute best vehicle I have ever owned
I hesitate to think of what you were driving before. Maybe something in the $100k range loaded with options?
We both love our Bolt EUV. It’s responsive, fun to drive, and has many safety features we appreciate.
And we do enjoy plugging it into the 240 v charging socket which GM had installed for us. Our home has solar and, in the peak months when we do have to pay for electricity the increase has been negligible.
These are now finally priced at almost the 25K I have been stating here for two years.
They were too expensive for the old Tech they offer and awful DC Fast Charging Speeds. The Bolts are basically City runabouts with some decent features.
They were sitting on dealer lots a couple years ago, priced at about $25k.
Seems like that must be about what they are actually worth.
Yeah 26K is a good price. The Bolt is an excellent daily Driver but just not good enough right now to replace an ICE vehicle that drives on long stretches due to its horrible DC Fast Charging. It is literally like three Generations behind.
GM rarely ever drops prices unless something is taken away. So this begs the question what has been decontented or taken away? Or was this thing overpriced by 5900 bucks to start with? This is increasingly suspicious seeing as how literally everything including batteries are going up in price due to scarcity so I wonder what is going on here? Perhaps they are willing to take a loss or just depend on the massive profits from the trucks and SUV’s.
I have the same question myself and I can only come to one conclusion.
I have been coming to GM Authority and reading all the articles about GM raising prices on vehicles here and there, especially their ICE vehicles. This might be the reason why, to subsidize the price of the Bolt, which we all know that GM is aiming to be the #1 Electric Vehicle in US if not the world.
In saying that, we all know that price is one of the main reasons why EVs can’t compete with a ICE vehicle. This kind of leverages it and now makes an EV more price competitive compared to an ICE vehicle.
So this is both a good thing and a bad thing – yes, you can now purchase an EV at an affordable price or spend more for an ICE vehicle. You can think of GM forcing you into and EV by pushing out the price of an ICE vehicle.
One more point, I think GM wants to undercut the Nissan Leaf, and over EVs, to gain a competitive advantage in the EV marketplace. The Nissan Leaf is the cheapest EV, that I know of, and that is over $27,000.00, but the Bolt provides better mileage, and much more, at a better price.
Joe Yoman –
Hi – In this case I believe its the SAME non-decontented vehicle… They still have standard fast charging (55 kw max) and a level 2 charger (48 amperes – 11.4 kw) that no one I know of has asked for, since public charging in the states basically tops out at 32 amperes with 30 being typical. My 2017 Bolt EV had neither a fast-charger, and the only ‘in-car’ charger was the 32 ampere unit used also with the 2019 Volt Premier which I also own…
Traded in my 2017 (too soon before the free battery upgrade was made public), and got a 2022 BOLT EUV – with 120/240 volt charging cord, 48 amp charger, and fast charging – 3 things I still wish were optional as I would have preferred a lower msrp – but $5,900 a big reduction – even WITH all the above STILL included… They also provide a $1,000 credit toward installation of a ‘220’ receptacle in your garage or car port – almost everyone took this option (I can’t use this so I elected for the $500 EVGO fast charging credit even though there are no EVGO or ChargePoint fast chargers (their ‘partner’) in my area. I’ll have to try and find a charger in the next 2 1/2 years since that is when the card expires.
But this is an example of further freebees I didn’t need, and still wish they’d lower the MSRP even more for people like me who do not need all of the above. I doubt anyone will charge at faster than 32 amperes at home… Chevy dealers don’t even have any method to provide faster facilities for the homeowner.
They have stated that the new price point may not cover the vehicle’s cost. So there’s that. But I wonder whether dealers jacking up the MSRP will negate the thousands lowered by GM.
at this price, is gm making any money?
That’s for GM worry about.
Not a good looking vehicle. But then again the front of the tesla model 3 is cartoonish looking .
It is a move to slot the Bolt under the Equinox EV start price $29,999, that will be available in about a year.
The price drop is likely due to the pending arrival of the Equinox EV which will also start under 30K. Having the Bolt priced higher than the new Equinox would not bode well for the Bolt.
What will happen to the 2022 models that haven’t even arrived to dealers yet? I have a 2022 EUV LT coming in, but I have not signed anything.
I’m guessing you are about to see very large rebates on the remaining 22 Bolts.
I don’t see any supporting references to this article or any other article claiming these price changes. As a dealership employee, GM hasn’t announced any price changes, or any pricing for that matter, for 2023 Bolts. Invoice for 2022 Bolt EV and EUV models are only $1,000 less than MSRP so I don’t see this actually being true. The only reason they were able to have huge price drops on the older models was because of the Tax credits.
There are many articles about this on the internet. Started yesterday. A simple search will get you all the articles you want.
Looks like GM posted the details after I posted this comment.
Do they come with a generator and fire extinguisher?
We just bought a 2022 Bolt EUV on May 16th. Although we have just had it a couple of weeks, we really like it. We would be driving it with or without the high gas prices. But what really hurts is a $6000 devaluation of our Bolt in one day. When it comes time to trade or sell we will never recover any of this loss. A real kick in the behind.
The same can be said about people paying $5 and $10K over MSRP for a vehicle. When the supply chain issues are resolved and dealers get some inventory you’ll be able to get a vehicle at MSRP or less.
No reason to kick yourself in the butt – If I was in your shoes, I’d accept the decision you made to buy and focus on the fact that, for the next several years, you are going to be saving lots of money on gasoline and oil changes, etc. as well as appreciating all the things that led to you buying it. Smooth, quiet, quick response, excellent roadability, roomy inside, compact outside making it easy to park, etc. etc.
I’ve got a 2022 on order that is supposed to be here in a few weeks, now I’m second guessing if I should buy it because of the massive hit I’ll take on it with the prices dropping like this.
The little car nobody wants.
It’s pretty obvious when GM “lowers” the price of any of it’s products, there is a catch involved, and that catch usually involves an attempt to rectify a serious concern on GM’s part. GM does nothing out of the goodness of it’s heart, GM is a business, not properly run and making money on a “day by day” basis. It’s long term goals are pathetic, they’re always “a day late and a dollar short”, and this has been proven in almost every facet of it’s business practices.
GM can, if it wanted to, out produce almost everyone world wide (as it has done in years past), but has always taken the conservative way of doing business, and this has led them to slowly but surely lower it’s vehicle outputs over the years.
This of course has led to GM “promising a lot and delivering very little”….of which you’ll see when GM goes (almost) “all electric” while making false promises about out producing Tesla within the next few years. Trust me this isn’t going to happen, but it sure sounds good to all of GM investors, but to all of the rest of the world, just so much “BS”, especially as long as “Queen Mary” Barra is at the helm. GM has never had a poorer performing corp exec as Mary Barra.
But I digress…I guess all we can do is to wait and see what GM actually produces, but my money will be on the “usual way of doing business”, that is “building vehicles that are just good enough” while never achieving the ultimate status of building vehicles that the world (or even North America) will be clamoring to order due to it’s superior design and build quality and long term reliability, much like Honda or Toyota has achieved over the years.
People love these vehicles and pay premium prices for them new and used, and more importantly, they are “passed on down from family member to family member” in many instances….that my friends is superior loyalty, something of which GM has given up many years ago. So in closing, look for GM to produce some “semi exciting EV’s” that’ll at first catch your attention (think Cadillac or Hummer, Corvette, ect.) but will in time lose their actual appeal as their high prices and multiple problems arise, to which GM will pay it’s usual attention to…that is “let the dealers handle it” or “see you in court”.
I hate to be so negative but…the past for GM dictates it’s future, and that means “business as usual”….right Mary?
you mean barra is worst than all those ceo’s in the decades before the bankruptcy?
Not there yet but getting closer to its actual market value.
That’s an ugly beast!
I have a 2019 Bolt Premier and it is a good car for what it is. I have driven it over 1200 miles one way up and down I-95 many times. the charging infrastructure is improving but i wouldn’t say it is really there yet. i’m at 52,000 miles and other than the battery recall crap, it has never been in for service.
The price drop is a good sign for consumers.
GM in rejuvenating the Bolt, need to positively advertise their work in replacing the bad LG batteries to show their commitment to customers and EVs. Doing this will establish goodwill and encourage new buyers who are now attracted to the lower price point of the 2023 Bolts, thereby reducing cynicism and negative perceptions.