Pretty soon, Chevy will pay you to own a Bolt.
Earlier this month, we reported on the drastic price cuts Chevrolet introduced to make the 2023 Bolt and Bolt EUV more attractive. By dropping the price by as much as $6,300, the Bolt became the cheapest EV in the USA.
Cars Direct did some number crunching and found that the 2023 price cuts represent a 1,160% increase in savings over the 2022 Bolt EUV. The previous rebate on both models was just $500.
Chevrolet, it seems, is desperate to sell the Bolt, even though the battery recall wasn't its fault. In addition to the price cuts, Chevrolet is spending millions to convince the American people to buy Bolts again.
The savings get even more insane if you find an unsold 2021 model. Chevrolet is currently offering $12,900 rebates on 2021 models, but it gets even better. There are other rebates available, and you can stack them on top of each other to get as much off as possible.
If you find a Bolt equipped with optional DC Fast Charging, you can get a rebate of $3,000. If you already have a Bolt and want a new one, you can claim the loyalty discount, which is worth $3,750. All in, you can save $19,650 in a best-case scenario. If this doesn't get Bolts out the door, Chevrolet will have to resort to paying people to take the cars.
The only downside is that these deals are only for cash or loan buyers. These incentives are not available to lease buyers, and the Bolt is not the kind of car you buy rather than lease. All EVs, we reckon, are much better lease options due to the limited lifecycle of a battery.
Though it's only too easy to make fun of the Bolt, any kind of saving in the automotive world is a reason to celebrate these days.
Due to parts shortages, we've seen ridiculous markups. Several manufacturers, including Subaru, Ford, Hyundai, and GM, have warned their dealer networks. Meanwhile, consumers have had to create a website to avoid dastardly dealerships.