Reports suggest the affordable EVs are keeping their discounts until the end of the year.
Once mired in controversy, the Chevrolet Bolt EV and Bolt EUV are back on the scene after a fairly troubling period. Chevrolet is hoping to put the battery-related incident in the past and is encouraging sales with appealing discounts, price cuts, and incentives, with mega price cuts inbound for the 2023 model year.
If you haven't gotten the chance to take advantage of the savings on offer, don't fret. America's most affordable electric vehicle will retain its enviable title until the end of the year. Initially, GM was only expected to keep the low prices until the end of August, but the cash discount will remain in place for the rest of the year, reports The Drive.
This means buyers of a Bolt EV 1LT can expect to pay $25,600 until the end of the year; the MSRP for this model is $31,500 before destination charges. Interestingly, a brief look at Chevy's website shows the latter price listed, with no mention of the discount. CarBuzz has reached out to GM for a response and will update the article accordingly.
However, the discount would make the electric Chevrolet even cheaper than the Nissan Leaf, which retails for $27,800. The larger Bolt EUV also benefits from the aforementioned discounts and gets an even bigger price cut. If you were to purchase the entry-level LT derivative, you'll save $6,300 and pay just $27,200 (excl. destination).
The Bolt duo may not be the most exciting EVs on the block, but as gas and vehicle prices continue to rise, this discount is too good to be ignored. We know the Bolt and Bolt EUV are one of the few vehicles that will qualify for the new EV tax incentives, but does that mean buyers should wait?
$7,500 is a bigger number, but it's a rebate, which means it's not cash in hand at the point of purchase. It's also worth noting that not every buyer is eligible for that full rebate. What the current discounts effectively do are make sure that someone buying a Bolt or Bolt EUV now doesn't feel hard done by when 2023 model year vehicles arrive in showrooms sporting drastically reduced prices.
Interestingly, Chevrolet has retrospectively offered a discount of sorts to existing Bolt buyers who purchased MY22 vehicles before 2023's drastic price reduction was announced - but with a twist. Those that opted for the refund of as much as $6,300 had to waive their legal rights to sue in the event of a future battery-related issue such as a fire.
Back to the discount at hand, however.
If you had your heart set on a pricier Bolt, this will make the higher price tag far easier to stomach. If, however, you were looking at purchasing an affordable commuter, you now have the choice of trying out an EV too. Either way, the discount should have you walking out of the dealership feeling like you've won - a rare instance these days.