General Motors recently announced substantial price cuts for the 2023 Bolt EV and Bolt EUV.

This is quite unusual, considering most dealers are capitalizing on the supply shortage, adding excessive markups on new cars. The 2022 Bolt EV retailed for $31,500 in 1LT trim, and $34,700 in 2LT trim. The Bolt EUV is a lifted, more muscular crossover version of the Bolt. The LT version of the EUV retailed for $33,500, while the top-spec premier sold for $38,000.

The Bolt has always been on the more affordable side of the EV spectrum, beaten only by the Mini Cooper SE, which sold for less than $30,000 for several years. The Mini's price only recently shot up to $34,000.

The Bolt is now officially the cheapest EV you can buy in the USA. You can now get a brand-new Bolt EV for $26,595, including the destination charge. That's $4,905 less than the entry-level 2022 model. The Bolt EUV now starts at $28,195, representing a $5,305 drop.

The more luxurious 2LT version of the Bolt EV costs $29,795, while the top-spec EUV now goes for $32,695. Effectively, the top-spec Bolt now retails for roughly the same price the base model used to sell for.

According to Chevrolet, affordable pricing has always been one of the Bolt's major selling points. Last month Chevy slashed the price by $500, but that obviously wasn't enough to pique interest.

Apart from the price, the standard Bolt carries forth as is. The Bolt soldiers on with a 66-kWh battery pack and an electric motor rated at 200 horsepower and 266 lb-ft of torque. According to the EPA, the standard Bolt can go 259 miles on a full charge, while the EUV can manage 247 miles.

The Bolt is the last GM EV to use the older battery tech, while upcoming models like the Blazer and Silverado EV will use the all-new Ultium EV tech that can provide up to 1,000 hp.

The Bolt EUV can now be ordered with a new Redline Package, including black wheels and red exterior accents. The Redline Bolt EUV looks quite lit with these additions.