2023 Chevy Bolt EV A Steal With The Full EV Tax Credit
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Given the recent announcement that the U.S. Treasury’s EV tax credit guidance will be delayed a few months, it’s possible that a few GM electric vehicles may be eligible for the full $7,500 federal EV tax credit. For some vehicles, like the Chevy Bolt EV, this could result in substantially higher levels of affordability.
The 2023 Bolt EV gets a nearly $6,000 price decrease for the new model year, resulting in a starting MSRP of $26,595, including the destination freight charge (DFC), in base 1LT trim. Now, if the Bolt EV ends up qualifying for the full EV tax credit in January and February 2023, then Chevy’s small EV would become even more affordable via the $7,500 federal income tax credit. If we subtract this $7,500 from the vehicle’s base price, then it would have a theoretical “all-in” price of $19,095, and that’s before any additional electric vehicle incentives, with availability differing by state. That’s also before any taxes or registration fees.
So what does a sub-$20K Bolt EV get you? The 2023 Bolt EV outfitted in the base 1LT trim features an estimated 259 miles of range, as is the case for all Bolt EVs. Additionally, the base model also receives standard Chevy Safety Assist, and Apple CarPlay/Android Auto compatibility. The all-electric subcompact hatchback rides as standard on 17-inch Silver-painted aluminum wheels, features a 120-volt portable charge cord, and dons a Jet Black interior colorway with cloth seats.
For prospective buyers of the 2023 Chevy Bolt EUV, it’s much of the same story. Factoring in the same $7,500 EV federal income tax rebate, the 2023 Bolt EUV’s “all-in” price in base LT configuration would drop from $28,195 to $20,695, before taxes and fees.
As a reminder, both the 2023 Chevy Bolt EV and Bolt EUV utilize a single-drive electric motor, which produces 200 horsepower and 266 pound-feet of torque. The motor is fed by a 65 kWh lithium-ion battery. As for structure, the Bolts ride on the GM BEV2 platform, while production takes place at the GM Lake Orion plant in Michigan.
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Electric is here folks, its just like when cars replaced horses and cell phones replaced land lines. Get off the trump dilusions and his craziness about climate change and windmills.
You really support a criminal crime family who made 1.7 BILLIONS dollars off being president and wants to be a dictator? Wow , talk about drinking the kool-aid, his administration has had 275 people indited for crimes, go live in Russia if you want to live with a dictator
I don’t agree with you either, jumbo. You’re a tool just like your friend bob.
You are already too far over your skis.
Uncle, should be the next thing you say.
I don’t agree bob. Your 2 digit I.Q. is really showing.
bob your middle name must be kneel and we know your first name. Kneel and bob. Sounds like what you do. Maybe your side hustle. Who cares it’s on you. Get it, the finish is on you. hahhahaha
You need to make better choices bob. Obviously this one has gotten away from you.
When you say the same things over and over again it becomes true in your head.