GM's Chevy Bolt electric vehicle (EV) price is going against the tide as it goes down to be significantly cheaper.
These days the raging effect of inflation also increases the price of EVs. So, it is no longer a surprise to see car manufacturers quietly raising the cost of their latest vehicles.
That said, most EV offerings have gotten less affordable, no thanks to the rising prices of its materials.
Chevy Bolt EV Price Gets Significantly Cheaper
On the other hand, the massive automaker, General Motors, is going the opposite route, bringing down the cost of the 2023 Chevy Bolt EV and Bolt EUV.
As per a news story by The Verge, the latest Chevy Bolt EV introduces its new pricing scheme, which flaunts a dramatic 18% decrease from its previous price tag. Whereas the Bolt EUV also got a price cut of 16% when compared to its 2022 counterpart.
The latest pricing of GM's EV offering comes as a surprise to many.
According to a recent report by Tesla North, EV makers are actually expected to inevitably raise prices.
It only suits the current situation, wherein its overall costs from labor to materials have skyrocketed already. Not to mention that the geopolitical climate in Europe is making the markets more volatile nowadays.
So, automakers like Tesla, Ford, and GMC, to name a few, have already jacked up the prices of their vehicles.
Despite all that, GM said in a statement that "affordability has always been a priority" for Bolt.
The spokesperson of the automaker said that the latest price cut attempts to "make sure Bolt EV/EUV are competitive in the marketplace.
Chevy Bolt EV New Price
That said, the Chevy Bolt EV price plummets by $5,900. Its previous starting price is to the tune of $32,395, but it now retails for $26,595.
The Chevy Bolt 2LT variant is cheaper now, down from its $38,995 price tag to $32,695.
It is worth noting that this pricing also considers the dealer delivery cost of up to $995.
Chevy Bolt EUV New Price
Meanwhile, the 2023 Bolt EUV gives new buyers $6,300 savings. The EUV LT now only costs $28,195 from its $34,495 price. While the Premium option now retails for $32,695, down from its previous $38,955 pricing.
Chevy Bolt Production
The new pricing also comes after GM resumed the production of the Bolt EV/EUV after fixing their previous issues, which caused their batteries to start a fire.
