Summary
- GM discontinued the Chevy Bolt EV and EUV at the end of the 2023 model year
- The Bolt line had record sales in the second quarter of 2023
- A new 2023 Chevrolet Bolt costs about $27,500 without options
- A used Chevy Bolt offers great range at an affordable price
- The reintroduction of the Chevrolet Bolt EV will have residual positive effects on used Chevy Bolts
Article
GM discontinued the Chevy Bolt EV and EUV at the end of the 2023 model year. Despite this, 2023 turned out to be one of the Bolt’s best years yet, with record sales in the second quarter across multiple markets. GM CEO Mary Barra acknowledged the environmental benefits of EVs during a conference call with analysts, highlighting the need for strategic deployment of EVs as the nation continues to build out its charging infrastructure.
The Chevy Bolt line’s discontinuation may be disappointing for many as they were two of the most successful electric cars sold in the US. The affordability, reliability, performance, range, and safety of the Bolt EV made it a popular choice for buyers. A new 2023 Chevrolet Bolt comes at a cost of around $27,500, making it a solid choice for buyers looking for a compact EV. The value of owning a used Bolt goes beyond its trade-in price, offering the opportunity to experience battery electric driving without the high cost of newer premium models.
By choosing to drive a battery electric vehicle like a Chevy Bolt, consumers contribute to mitigating environmental and energy crises and helping achieve carbon neutrality. The lack of tailpipe emissions in electric vehicles significantly reduces greenhouse gas emissions, making them a sustainable transportation solution. Research has also shown that EV adoption leads to lower utility rates for both EV owners and non-EV owners, indicating a positive impact on energy consumption.
A used Chevy Bolt offers a great range at an affordable price, featuring a 65 kWh battery pack that provides a maximum range of 259 miles. The regenerative braking system of the Bolt efficiently adds electricity back into the battery while driving, enhancing the overall driving experience. The Bolt also offers quick acceleration and towing capabilities, making it a versatile and cost-effective choice for consumers.
The availability of charging infrastructure continues to improve, making EV ownership more convenient than ever. The Chevy Bolt’s inclusion in the Tesla Supercharger network expands charging options for Bolt owners, further enhancing the convenience of owning an electric vehicle. In addition, some Chevy electric vehicle owners in Texas can benefit from free nighttime charging through a partnership with Reliant Energy, adding value to the ownership experience.
The reintroduction of the Chevrolet Bolt EV is expected to have positive effects on the value and appeal of used Chevy Bolts. The new Bolt pricing in the $30,000 range will cater to entry-level buyers, making the used models attractive for those looking for an affordable electric car. GM will need to balance profitability with the original appeal of the Bolt as a budget-friendly electric car to maintain its success in the evolving market. Considering the potential improvements in design and range for the new Chevy Bolt EUV, the competition among emerging EVs is expected to intensify.
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