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Buy A New Chevy Bolt EV For $8,000 In California

The all-electric vehicle market is expanding at a rapid pace, with a wealth of new options already on the table, and many more on the way. One of the more-popular mainstream EVs available right now is the Chevy Bolt EV, and although production of the Bolt EV officially ended late last year, brand-new units are still available. Now, some qualified buyers in California may be able to scoop up a brand-new all-electric Bolt for as little as $8,000.

The front end of the Chevy Bolt EV.

As highlighted by EV Life, several money-saving programs are available to EV buyers in the state of California, potentially lowering the cost of a new Chevy Bolt EV by a significant margin. EV Life points to three programs in particular, starting with the $7,500 federal EV tax credit.

Thanks to a renewal and expansion via the Inflation Reduction Act of 2022, qualified drivers have access to a non-refundable tax credit up to $7,500 on certain all-electric vehicles. What’s more, the tax credit is now available as an upfront discount applied at the point of sale, as of January 1st, 2024.

Buyers in California also have access the the Clean Cars 4 All program, which is aimed at low-income buyers and promotes the retirement of older ICE vehicles. Qualified buyers looking to swap a 2005-or-older ICE vehicle have access to a rebate of $9,500 toward the purchase of a new or used electrified vehicle, including a plug-in hybrid, fuel cell vehicle, or battery-electric vehicle like the Chevy Bolt EV.

Finally, the Bureau of Automotive Repair offers $1,500 through the Consumer Assistance Program, a retirement program intended to lower vehicle emissions.

Applying all three of these incentives, pricing for a new Chevy Bolt EV can be reduced by a whopping $18,500, effectively bringing the cost of a new Chevy Bolt EV ($26,500) down to just $8,000.

Of course, not everyone will qualify for all three of these incentives. What’s more, inventory of the Chevy Bolt EV and Bolt EUV is growing thin in California, with a search using Chevrolet’s inventory tool revealing just 264 units of the Bolt EV and Bolt EUV available within a 100-mile radius of Los Angeles, and 338 units available within a 100-mile radius of San Francisco.

As a reminder, the next-generation Chevy Bolt EV is under development now, slated to arrive for the 2026 model year with GM Ultium battery technology, unlike the LFP batteries equipped by the current-gen Bolt.

Subscribe to GM Authority for more Chevy Bolt EV news, Chevy Bolt EUV news, Chevy news, GM electric vehicle news, GM business news, and around-the-clock GM news coverage.

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Jonathan is an automotive journalist based out of Southern California. He loves anything and everything on four wheels.

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Comments

  1. Too bad the Bolt & Bolt EUV have been discontinued…

    Reply
    1. Buick City: I agree totally. Just this afternoon I closed the deal on my second new 2023 Bolt EV. Back in November 2022, I ordered my 2023 1LT. It came in on January 3rd 2023 and I picked it up the next day. I’ve had it 14 months and 15,000 miles and really love it. In fact, with the few left and the next one supposed to be the EUV only (which I don’t want), I decided to take advantage of the point of sale $7,500 along with a dealer discount of a grand along with an extra 500 for signing up for the GM card. So I’m getting a fully loaded 2LT this time. MSRP of $32,255 and I’m paying $27,000 out the door including the outrageous sales tax at 10.25% and other state fees.

      But I like it so much and want to keep the current Apple Car play system. So I’m selling my 1LT to CarMax next week and taking delivery of my 2LT then.

      Reply
      1. From the tech and trainer perspective, the Bolt is a great vehicle, despite what the naysayers might be led to believe from the negative banter that surrounds EVs in general.

        EVs may not be for everyone, but the Bolt fits the needs of many who do enjoy the EV experience very nicely.

        If I planned to continue working for several years (I don’t), a Bolt would absolutely suit my daily commute and most travel needs just fine.

        I also have two charging stations outside the door.

        Reply
        1. How did the previous model Bolt owners do with the Battery problems.
          There was the don’t charge it in your garage issues, and the don’t charge it more than 70% issues.
          Then I think all 149,000 that were built were recalled waiting for LG to develop a battery fix. Did all the Bolt owners eventually get new batteries?

          Reply
          1. Many Bolts in the recall have now received new batteries and updated software, that increases the available mileage over time, following the replacement battery installation.

            For mass recalls, fixes are usually rolled out in phases, not all at once.

            Owners receive notification as soon as their replacement can be scheduled.

            Reply
    2. More coming just a one year pause.

      Reply
  2. It is sad that GM is “pausing” Bolt models. They sold over 61K of them in 2023, and no other GM EV model came close to those sales figures. Having said that, I believe it’s overly optimistic to say “EV’s are expanding at a rapid pace,” unless you are talking about Tesla sales only. 61K sales is just a drop in the bucket compared to overall auto sales and to Tesla sales.

    Reply
    1. joseph: You can’t just look at GM and make that determination. Both GM and Ford have not fully embraced EV’s or they have (ahem, GM) botched their prized models and the rollout of them. The fact that the little Bolt has propped GM’s EV sales up is a good thing. Because if it wasn’t for the Bolt, GM would have been lacking. But EV sales for other brands are growing and will continue to grow as lower priced models come out and interest rates drop.

      Reply
    2. Electrics are gaining market share faster than anything else. Tesla is losing market share at a high rate. They have cut prices by staggering amounts the last two years and their quality problems are on par with KIA 1990, Between Ford GM, Hyundai, and Honda they will out sell Tesla and cover the market in 5 years.

      Reply
  3. I bought a new Bolt EUV in 2023 and I love it. The only thing I will say about the revised 2026 Bolt is to increase the range. I understood the limitations of a range of 250 miles, what I didn’t expect is the loss of about 20% of that range when driving the speed limit on the interstate. In the Midwest the lack of chargers limits where one can go. Even when there are more chargers people will be reluctant to stop for 20 Min. every 150 miles.

    Reply
    1. I’m also considering buying a Bolt EUV. What will you save about the interior room? Is it enough for family with 2 children? This is my main concern.

      Reply
  4. Many Bolts in the recall have now received new batteries and updated software, that increases the available mileage over time, following the replacement battery installation.

    For mass recalls, fixes are usually rolled out in phases, not all at once.

    Owners receive notification as soon as their replacement can be scheduled.

    Reply
  5. The “current” Bolts, up to 2024 do NOT have LFP batteries. They’re NMC variants. The story needs correcting, towards the end.

    Reply
  6. The headline is false. To get $7500 as a tax rebate a person would have to have a Taxable income ( that is what you pay taxes on) of about $47000. Since I live on Social Security and Teacher retirement income, I was able to get only a little over $1000 of the $7500. Also you can’t roll over the extra for future taxes. It is a one time rebate. At what income is the California low income rebate active? Maybe in California you can, after all deductions on your income, have a taxable income of about $47000 and still be low income.

    Reply
    1. Larry: When I purchased my first 2023 Bolt EV 1LT in January of 2023, they didn’t have the point of sale tax rebate of $7,500. So I had to see what my taxes would do for the 2023 year. The day after picking up my first Bolt, I adjusted my withholding tax so that my work would take way less tax out of my check each time. Thus, I thought I’d add more into my take home check each time and possibly have a tax burden for the year. When I had the professional tax company do my 2023 taxes last month, my standard deductions (no games being played) still got me a healthy refund WITHOUT using the stupid EV tax credit. So I didn’t use it.

      Just yesterday I signed all the paperwork for my second 2023 Bolt EV (but fancier 2LT with Bose and adaptive cruise). Although I love my first one and it’s been a perfect car for 15 months and 15,200 miles, I was able to use the point of sale $7,500 tax credit/rebate. The dealer was willing to take $1,000 off the top and I got an additional $500 rebate for signing up for the GM card. In all, I was able to take a total of $9,000 off the price of the car and I am getting the $500 credit for charging at EvGo. The deal was just too good to pass.

      But that a lot of words just to say that the 7500 is certainly available to many people. For a single tax filer, you can make up to 150 grand. For head of house, 225 grand. So most qualify. I certainly did.

      Reply

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