The new Chevrolet Bolt will be the least expensive electric vehicle in the United States
The new Bolt is priced slightly lower than the electric Nissan Leaf, which has a suggested retail price of $27,400.
GM stopped production of the Bolt in September 2021 as it worked with LG to prioritize batteries for recalled vehicles, but the company restarted the assembly line in early April 2022. GM introduced a Bolt crossover, known as the name of Bolt EUV, in 2022.
GM launched the Bolt sedan in 2016 and sold 23,297 units in 2017. But sales have fallen and generally remained flat, with GM selling a total of 24,828 Bolt sedans and crossovers in 2022.
GM has lowered prices to ensure Bolt vehicles are competitive in the market, spokesman Shad Balch said.
“Affordability has always been a priority for these vehicles,” Balch said.
The Bolt EUV 2023 starts at $28,195, a drop of $6,300 from its previous price.
Balch said GM is committed to producing a record number of Bolt vehicles this year.
GM declined to say whether the Bolt would be profitable with the new price drop.