General Motors has announced that it will increase the starting price for the 2023 Chevrolet Bolt EV and Bolt EUV. The new MSRP for the Bolt EV will be $26,500, an increase of $900, while the Bolt EUV’s base price will be $27,800, a $600 increase.
Both models will also be subject to a $995 destination charge, which has not changed. Despite the price increase, the Bolt EV will still be the cheapest electric car available in the United States, with the next lowest-priced EV being the Nissan Leaf at a starting price of $28,040.
The Bolt EV has a low price, decent range, and a spacious, modern interior with amenities such as wireless Apple CarPlay and Android Auto. It is also eligible for a $7,500 federal tax credit if the purchase price is below $55,000.
In a statement emailed to Electrek, GM says it expects the Bolt to “remain America’s most affordable EV.”
“Due to ongoing industry-related pricing pressures, the Chevy Bolt EV and EUV will see modest price increases starting in 2023, but we expect it to remain America’s most affordable EV. Chevrolet remains committed in its long-standing role to provide true value. We expect to continue building the record sales momentum we saw in 2022,” the company said.
The Chevrolet Bolt, an affordable all-electric hatchback, was introduced in 2017 and received a design update for the 2022 model year. However, its rollout has not been without issues. The Bolt has been subject to two major recalls due to faulty batteries that posed a risk of catching fire.
