General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. The automaker has recently released a slew of new vehicles on the market aimed at meeting the needs of a variety of potential EV drivers.
Budget models like the Chevrolet Bolt EV, SUV crossovers like the Equinox Blazer EV, electric versions of popular legacy models like the Blazer EV, and high-performance trucks like the Silverado EV make up what is becoming an impressive lineup of all-electric options.
Today, we’ll be taking a look at one of Chevy’s most popular, affordable, and revolutionary offerings, the Chevrolet Bolt EUV. We’ll also explore the best ways to save money on the purchase of a Bolt EUV by taking advantage of available EV incentives with an EV Climate Loan through EV Life.
2023 Chevrolet Bolt EUV Pricing, Specs, and Performance
The Bolt EUV offers a lot of bang for the buck, especially considering that Chevrolet knocked $6,300 off the starting MSRP in 2023. The EUV is available in two different trims, the LT and Premier. Both come with a 200-hp electric motor, provide an EPA-estimated 247 miles in range, and are available in front-wheel drive only.
Chevy Bolt EUV Premier Trim
The upper-tier Premier trim comes with additional luxury and safety features, including leather upholstery, power-adjustable front seats with heat and ventilation, adaptive cruise control, lane-keeping assist, and blind-spot monitoring. Chevy also introduced its new Redline Edition package, which gives the Bolt EUV Premier a sportier appearance with 17-inch black aluminum wheels, red accents on the wheels and side mirror caps, and black and red badges.
Storage Space and Charging
The five-passenger Bolt EUV is longer, wider, and taller than the original Bolt EV hatchback and offers 16.3 cubic feet of storage space. For power, the Bolt EUV can be charged on a standard 120-volt household outlet as well as a 240-volt connection for faster charges. It can also utilize DC fast charging, which can provide up to 95 miles of range in just 30 minutes.
Available Chevrolet Bolt EUV Trims At a Glance
|Chevrolet Bolt EUV Version||Price||Range||Top Speed||0-60 mph||EV Tax Credit||State/Local Incentives|
|Bolt EUV LT||$27,795||247 miles||90 mph||6.8 seconds||$7,500||Check Incentives|
|Bolt EUV Premier||$32,295||247 miles||90 mph||6.8 seconds||$7,500||Check Incentives|
New Life for Chevrolet Bolt EUV
Great news for fans of Chevy’s most popular and affordable electric SUV.
Chevrolet initially announced in April that it would not be continuing production on the Bolt EV and Bolt EUV after 2023. The company cited their move to Chevy’s new Ultium electric vehicle platform that will be featured in the new Blazer EV, Silverado EV, and Equinox EV, and the need to shift manufacturing resources towards other models as reasons for the discontinuation. Chevy did hint that the Bolt may eventually live on as an Ultium-based EV at some point in the future but stated that the model’s current generations would its last for the time being.
However, just months after the announcement in April that the Bolt would be no more, GM reversed course. The automaker put out a statement in July 2023 that the Bolt would indeed be shifting onto the company’s new Ultium platform, and new models would start production soon.
While this comes as a surprise to many, given the abrupt about-face by Chevrolet, it makes sense. The Bolt’s sales in the first half of 2023 were the strongest they’ve ever been, and Chevy wants to capitalize on that momentum by delivering new, updated versions of the popular and affordable EV.
Save Big on Your Bolt EUV with EV Incentives
At a starting MSRP of under $28,000 (compared with the average price of nearly $60,000 for new electric vehicles), the Chevy Bolt EUV is a steal. But the low sticker price is not the end of your potential savings.
There are numerous federal, state, and local programs aimed at subsidizing EV purchases for consumers, and the Chevy Bolt EUV meets the vehicle eligibility requirements for nearly all of them. Here are a few programs available that can help you save even more on your Bolt EUV.
Federal, State, and Local EV Incentives
- Federal Tax Credit. The Inflation Reduction Act of 2022 introduced a new federal EV tax credit of up to $7,500 for qualified drivers looking to purchase an electric vehicle.
- Clean Vehicle Rebate Project (CVRP). The CVRP offers rebates of up to $7,500 for the purchase or lease of eligible zero-emission vehicles, including electric, plug-in hybrid electric, and fuel cell vehicles.
- Clean Vehicle Assistance Program. The CVAP is funded by a statewide initiative known as California Climate Investments and provides grants and loan access to lower-income Californians looking to purchase or lease clean vehicles, including plug-in hybrid and battery electric vehicles like the Chevy Bolt.
- Clean Cars 4 All. The Clean Cars 4 All program helps lower-income Californians by offering incentives to retire their older gas-powered vehicles and invest in EVs.
- Colorado Electric Vehicle Tax Credit. The newly expanded Colorado EV tax credit offers all Colorado residents who purchase an electric vehicle or plug-in hybrid electric vehicle with an MSRP of up to $80,000 a tax credit of up to $5,000. In addition, starting January 1, 2024, new electric vehicles priced under $35,000 MSRP will be eligible for an additional $2,500 state tax credit.
Important Note: For state-specific programs, applicants must be residents of the state and meet income, vehicle model, funding availability, and ownership retention eligibility requirements. These factors will also determine the size of your rebate.
Make the Most of Your EV Incentives by Financing Chevrolet Bolt with EV Life
With so many electric vehicle incentives available for this already affordable electric crossover, the Bolt EUV is one of the highest-value EVs on the market. But when it comes to accessing the available rebates, grants, and tax credits out there, it can be difficult to scan through the fine print to determine whether you qualify.
Even when you do figure out how much assistance you’re eligible for, you still have to apply to each program and wait up to 18 months before your application can be processed and approved. Meanwhile, if you finance your purchase through a traditional lender, dealership, or credit union, you’re stuck making full-priced payments on your auto loan. That’s where EV Life can help.
Maximize EV Discounts with the EV Climate Loan
EV Life’s EV Climate Loan can get you pre-approved for every incentive you’re eligible for, then apply the money directly to your loan, reducing monthly payments by an average of $200 and saving you up to $18,000 on the cost of your vehicle. In fact, we even put together a guide showing how you can get a Chevy Bolt or Bolt EUV practically for free!
Don’t wait months or years for your EV incentives to go through. Sign up for an EV Climate Loan and put your incentives to work lowering your monthly payments.
Pre-qualify now to find out how much you could save.