It seems GM is looking to add some appeal to its affordable but tainted EV.
After a fairly tumultuous period, the Chevrolet Bolt EV is back on sale for 2022 and Chevrolet is hoping to rekindle some interest. To that end, the Bow-tie brand has slashed prices for the month of May, with up to $500 off the purchase price.
With this small saving, the MSRP now sits at $31,000. That's before the EV rebate has been applied, of course, further reducing the total price to an appealing $23,500. It's worth noting that even with the discount, the Bolt still isn't as affordable as the recently refreshed Nissan Leaf; with incentives, the Japanese rival comes to just $19,900. But if you prefer to lease rather than purchase in cash, there's still something to draw you into a Chevy dealer.
The ultra low-mileage lease is limited to 10,000 miles per year but, at $219 p/m for three years, it's still a worthwhile deal. Chevrolet doesn't require a security deposit, but $2,539 is due at signing, for current lessees of MY2017 or newer "select GM vehicles."
The available financing deals aren't quite as appealing. The 2022 Bolt EV is available with 1.9% APR for up to five years, but the purchase must be done through GM Financial. Interestingly, earlier GM discounts on the 2022 Cadillac CT4 offered interest-free financing. It's worth noting that some customers may not qualify for the discounts on offer but, if you do, act fast - customers must take delivery by May 31, 2022.
With exorbitant markups becoming commonplace, any price cut comes as a blessed relief to the average American consumer. However, Chevrolet could have been a touch more generous with these discounts. After all, the Bolt's reputation has soured in the past months and big price cuts would have brought more business - the company recently placed a $3,000 discount on certain Silverado models, for example.
In an attempt to bolster the Bolt's appeal, Chevrolet has released a special edition variant of the larger Bolt EUV. Dubbed the Redline Edition, the all-electric compact crossover receives racier-looking exterior appointments, which include subtle red accents, black-painted wheels, and black leather upholstery with red stitching. Despite what the name suggests, performance remains unchanged.