The Bolt EV was interestingly retired recently, before being announced for a return relatively quickly. Why the about-face from Chevrolet?
The Chevrolet Bolt, released in 2017, revolutionized the electric vehicle market by being the first mass-produced, low-cost, long-range EV. The BEV2 platform-based vehicle is essentially the successor to the hybrid Volt in Chevrolet’s lineup. After only one generation of sales and generally satisfied customers, the automaker announced in April that the vehicle would be discontinued. In 2021, the Bolt’s batteries were recalled, but the car still managed to recover because it was one of the least expensive EVs available.
Because of this, Tesla was compelled to lower the price of the Model 3 from what it and other manufacturers were charging for electric vehicles. The price increases are not shocking when compared to a General Motors vehicle because this includes other brands like Audi and BMW. It’s perhaps not surprising that the Bolt has made a comeback to the market, given its low price and general affordability.
In April, it was announced that the Orion assembly plant in Michigan would be converted to produce alternative electric vehicles (EVs), such as the new Silverado EV. Given the location of the Bolt’s current factory, it was possible that the model would eventually be phased out. But here’s the thing: the Bolt was too revolutionary to be ignored. The Bolt had a base MSRP of $37,495 before a $7,500 federal tax credit brought the price down to under $30,000.
As Chevrolet has manufactured so many electric vehicles (EVs), the company has exhausted the $7,500 tax credit that had previously helped keep the Bolt competitive. The 2LT is the only other trim level, and it costs $30,659 (up from the 1LT’s $30,499). The Bolt’s standard infotainment touchscreen measures in at 10.2 inches. Adaptive cruise control and a dual-level charging cable are among the available extras. You can spend $295 or $495 on these. An optional $695 information and entertainment package includes: