2023 Chevy Bolt EV To Get $5,900 Price Drop

by Sam McEachern
— Jun 2, 2022

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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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2022 Chevy Bolt EV Photos