Chevrolet Bolt EV will be priced as promised, starts at $37,495

GM has announced pricing for the historic Chevrolet Bolt EV, and the company has kept its promise to deliver a 200-mile EV for under $30k (with the $7,500 federal tax credit).

MSRP for the base LT trim level will be $37,495, including destination charge. The Premier model, which includes heated “leather-appointed” seats, surround camera and rear camera mirror, will start at $41,780. Both models offer DC fast charging as an option for an additional $750.

GM has already announced an EPA range rating of 238 miles, and combined fuel efficiency of 119 MPGe.

The Bolt will go on sale “at select dealerships” in late 2016 – GM has offered no further details, but it’s a safe bet that California and the Northeast will be the first markets.

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Surprisingly, Chevy’s new EV will be priced substantially lower in Canada, where it will go on sale “in early 2017.” MSRP up north will be $42,795 Canadian (about $32,100 US), and DC fast charging will be standard. Bolt buyers should be eligible for cash incentives of $12,839 in Ontario, $8,000 in Quebec and $5,000 in British Columbia.

The Bolt will beat GM’s two competitors to the market – Tesla’s Model 3 is supposed to go on sale by the end of 2017, and the second-generation Nissan LEAF probably won’t be in dealerships until 2018.

Will GM capitalize on this advantage, and advertise the Bolt, as it does its legacy models, with the aim of selling it in volume, or will the company keep production limited and choose not to market it beyond the California cognoscenti? Stay tuned.

“Value is a hallmark for Chevrolet and the pricing of the Bolt EV proves we’re serious about delivering the first affordable EV with plenty of range for our customers,” said Alan Batey, President of GM North America. “We have kept our promise yet again, first on range and now on price.”

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Source: GMGreen Car Reports, Electrek