According to Electrek, the Bolt qualifies for $7,500 in tax credits, slashing the MSRP to $18,100, but there’s a catch. That hefty tax credit is only valid until March of 2023, then the credit drops to $3,750. With the discount, the Bolt solidifies its status as the least expensive EV, but it additionally makes it the cheapest new car in General Motors’ entire lineup of brands, gas or electric, beating out the Chevy Trax.
Even entry-level EVs aren’t exactly inexpensive. For example, the Kia Niro EV starts at $39,450, a full $12,960 more than the starting MSRP of the hybrid version. With the Ford F-150 Lightning’s numerous price hikes and the six-figure price tags of offerings from Tesla, Lucid, and GMC, EV ownership can sometimes feel like it’s outside the financial reach of normal people. But if the Chevy Bolt is any look at the path of EVs going forward, it could be a bright future, at least for your wallet.
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