Car prices are falling, and that includes prices in the all-electric segment. Notably, the 2023 Chevy Bolt EV and 2023 Chevy Bolt EUV are poised to exit the market with outstanding value compared to the all-electric competition. Production of the current-generation Bolt EV and EUV will this month.
Compared to other EVs that cost $35,000 or less, the outgoing 2023 Chevy Bolt EV and 2023 Bolt EUV may very well go down as the best values the U.S. market will ever see when it comes to all-electric vehicles. With a starting price of $27,495, including the destination freight charge, the Bolt EV is also eligible for a tax credit up to $7,500. Put it all together, and customers can purchase a brand-new Bolt EV with an estimated 259 miles of range for around $20,000.
Of course, it should be mentioned that the Bolt has a maximum DC quick charge speed of just 50 kW. Even so, the competition, including several upcoming models, simply can’t match the value of the Chevy Bolt EV, with or without the tax credit. For example, the entry-level Nissan Leaf is equipped with a 40 kWh battery, but is also available with a 60 kWh rated at 212 miles of range, the latter of which increases the overall vehicle price to $37,305. Meanwhile, the 2024 Fiat 500e, set to arrive in the first quarter of the 2024 calendar year, is expected to cost $32,500, per a report from CarsDirect.
The 2024 Hyundai Kona Electric will go on sale soon with an estimated range of 260 miles, with pricing expected soon as well. However, pricing will likely go up compared to the $34,885 price tag attached to the 2023 model year.
It’s also worth mentioning the Chevy Equinox EV, which has a new base price of $34,995, although GM initially announced a lower base price. Even still, the Equinox EV is a pretty good deal considering an EPA-estimated range of 319 miles.
Check out the table below for a more thorough comparison of the 2023 Bolt EV and Bolt EUV pricing versus the competition:
| Starting Price | U.S. EV Tax Credit | Driving Range (Miles) | |
|---|---|---|---|
| 2023 Chevy Bolt EV | $27,495 | Up to $7,500 | 259 |
| 2023 Chevy Bolt EUV | $28,795 | Up to $7,500 | 247 |
| 2024 Nissan Leaf | $29,255 | Up to $3,750 | 149 |
| 2024 Mini Cooper SE | $31,895 | $0 | 114 |
| 2024 Fiat 500e | $34,095 | $0 | 149 |
| 2023 Hyundai Kona Electric | $34,885 | $0 | 258 |
| 2025 Volvo EX30 | $34,9501 | $0 | 275 |
| 2024 Chevy Equinox EV | $34,995 | Up to $7,500 | 319 |
- Excludes freight and delivery charges
Looking ahead, GM has confirmed the forthcoming arrival of a new generation for the Bolt EV, which will use LFP battery cells.
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Comments
It would be cool if the older Bolts could be retrofitted with the newer batteries.
Even better would be if the Chevy VOLTS could get a battery retrofit extending the range much more than its current range of approximately 38 miles for the gen-1 and 58 miles for the gen-2.
My understanding is when they did the recall, they changed the battery chemistry to the new chemistry, and changed the charge controller to the ultium style controller so it could handle a new chemistry later as well.
They can’t fit the large cell format in the space allotted to the current battery. But in reality, it is a matter of chemistry, not large format.
2024 EV sales for GM have to be tiny, they’re just making anything in quantity. Ultium must have been a disaster.
Meant to say “not making”…
Their biggest constraint was battery production due to some and supplier issues getting the automated module assembly equipment and getting it running without problems.
But they’ve sorted that out and they should have a second battery factory opening in 2024.
2024 should be (and kind of always was) when to expect better ramp up from GM Ultium based EVs.
Love my Bolt ev
Second that. My 2023 is great and I’m loving the range. At 95% this morning when finished charging, I had 314 miles of range.
i have mine set at 78 % charge every night, I do door dashing and there is not a better car on the planet to doordash with, cost me $2.50 for ever 100 miles i got about 35% in town and 65% highway , and average over 5 mi/kwh easy , its only been charged to 100% twice since I picked it up in March
jim: Interesting that you charge to 78%. Some times I’ll put it back to 100% as I’m not sure I buy into the theory that charging to 100% hurts the battery life. Plus, I normally trade every 2 years, thus may not care so much. However, my Bolt is getting so much higher than the claimed 259 that I will drop it down to 95% about half the time. I don’t know, maybe I should drop it to 80%, but just not sure it’s worth it for me personally.
As for your 5 miles per KWH, wow! That’s outstanding and I’m jealous. I’m at 4.7 M/KWH and thought I was doing great. Congrats on that.
Well science says no more then 80 unless you are taking long trips. that’s pretty much be proven, I know some still do and some just don’t care , but at the end of the day, he who has the title can do what ever he wants, lol
Really?
Love my Bolt EUV
We bought a 2023 Bolt EV when they first came out and loved it so much that me decided to trade it information a 2023 Bolt EUV. Then there was the battery problem regarding fires and potential fires. Since we were at the end on the list for replacing the battery, we decided to opt for getting a brand new 2023 Bolt EUV that had the new battery in it. With a lot of paper work, phone calls, and a lot of waiting we finally got a brand new 2023 Bolt EUV with new battery and and the hands free Super Cruise. In typical GM fashion, instead of giving us the adaptive cruise control free considering all the rigamarole we had to go through to get it, we had to PAY for this “option” because it wasn’t on our original car! $2,500! Then, because of all the talk that GM was no longer going to be selling Bolts, we decided to sell the new one as soon as possible because we thought the used selling price would be bad because of all the talk of the car fires. WE actually sold it to a dealership for practically what we originally had it! Now we are waiting for the Bolt Equinox to come out, particularly for the 300+ mileage. We looked at the Blazer EV but decided it was too big for our needs and too much money. For looks you can’t beat it. I think that it is going to be a great seller for GM.
Sean: The GMA cops must not have liked what I said last night on your comment because it’s gone. So I’ll try this a different way.
I’m not sure about anyone else, but not much of what you said makes any sense. First, are you saying that you had a 2023 Bolt EV and then traded that 2023 for a 2023 Bolt EUV? Then you sold that one because you were afraid of devaluation?
Then as for the fires: Maybe I’m all wrong here, but the 2023’s didn’t have that issue. The production (from my understanding) wasn’t even pushed back. That issue was on the 2017 through 2022 models. From what I’ve read, even most of the 2022’s were ok, but they included them as a precaution. Lastly, why would GM give you something for free just because you freeked out or whatever?
Maybe I’m just reading your comment wrong. But can you clarify things here? I have a 2023 Bolt EV and have never seen any issues or recalls for the battery nor have I had to wait much time after ordering it.
At 20k I could maybe afford one after my current 2nd car is paid off- good for back and forth to work and grocery. 2 nd car is a 22 Encore gx with 2,450 miles on it(1/2 to the dealership-1/2 taking wife to hospital) can not wait to drive it to Lordstown for a holiday and see the mpg clicking 40
I have a 2023 EUV premiere. I absolutely love this thing. I also invested in solar, so my garage is my gas station. With all the incentives and chevy’s level 2 charging perk, it was an easy deal. I hope they choose to retrofit it w the ultium battery pack and keep it as a bolt model.
I’ve got a 2017 Bolt and it has been a very good car. The one unexpected maintenance item I’ve had is the right front stabilizer link was squeaky right when I got the car, and that was replaced under warranty. I’ve had to get two new tires – be sure to rotate the tires on schedule because the regen breaking will wear the tires faster than you’d be used to with a conventional car.
I had the main battery replaced under the safety recall though I had no problems with the original. The replacement battery upgraded the range from 238 to 259 miles. Th other recall was to install insulation to reduce the chance of the seatbelt pre tensioners from causing a carpet fire in a wreck. Neither of those recalls affected the usability of the Bolt prior to their installation.
Cost wise, driving the Bolt is equivalent to a car which gets 140 MPG on gas. I’ve been really pleased with the experience of owning and driving the Bolt so far. I only drive more than 259 miles all at once twice a year at most. For that I have my old Honda, or I’ll just rent a car if I need something with more room for a trip. I’ve found plugging the charge cord provided with the Bolt into a dryer outlet with an adapter is sufficient for keeping the Bolt topped off for as much as I drive.
For what the STEALERSHIPS are marking these up for you might as well buy a Tesla. In Vegas they are marking these up 5k or more.
I bought the 2022 Chevy Bolt EUV and it’s beautiful. Leather seats, skylight, moonroof, Bose speakers etc. afterward my husband wanted one so he bought a EV, it’s smaller but perfect for about town. I do drive from SD to LA & back on one charge a few times a month. I can’t believe I haven’t paid for gas in over a year now. We have solar as well and SDG&E gave a 10am -2pm reduced rate so our electric bill, with two cars, is about $20/month. I did a lot of research and comparisons -this article is correct. Also the pick up…like a BMW…FAST.
I picked up at Bolt EUV LT2 for $17,000K out the door after a ~$4k tax break and a free install by my rural utility. It costs ~40 dollars to drive 1,600 miles a month. I also have an ICE Silverado which gets around 22mpg with the 2.7 Turbo. I drive mainly in Northern Wisconsin on my home 11.5kw Utility load manged charger. Some of the best public EV chargers out here are known to the locals. Good food, cheap beer and I can fish while I charge lol.
Good luck. It’s a great car.