The big news for the 2023 electric vehicles Chevrolet Bolt EV and Bolt EUV came last week in the form of discounts: $5,900 cheaper than the 2022 model year for the Bolt EV and $6,300 for the Bolt EUV with the longer wheelbase. Yes, something really got cheaper in 2022, which is practically unheard of in an era of pandemic-related inflation. There were several reasons for General Motors’ move: The Bolt EV came out of a reputational hit thanks to a battery fire (which has now been resolved), and GM has lost its $7,500 federal consumer tax credit because it has now crossed the threshold. EV sales limit. However, that one-two won’t stop Chevy from canceling the Bolt EV. Instead, the company sensed an opportunity and lowered prices to increase its competitiveness, making it the cheapest new EV you can buy in America.
Related: Chevrolet Bolt EUV 2022 review: Electric; Useful; Vanilla
Good as a Commuter
We are already fans of the Bolt EV and EUV. Our recent review of the Bolt EUV came with the impression that as a commuter vehicle, it shines — good range, comfortable cabin, lots of amenities and good value for money, which it has become. star value for money. We even named it our 2022 Commuter EV Top Pick. If you’re looking for a cheap new EV, there are now four options starting at around $30,000 instead of the previous two: the Nissan Leaf, Mini Cooper SE, and the ’23 Bolt EV and EUV (five if you count California-only Mazda MX-30). Against the base model of those competitors, the Bolt EV shines positively. For the lower entry price, you get over 100 miles of additional range over the Leaf (149 miles), SE (114 miles) and MX-30 (100 miles) thanks to the larger standard battery in the Bolt EV (259 miles). miles) and EUV (247 miles). You also get a more powerful drivetrain, with the Bolts’ standard 200 horsepower and 266 pound-feet of torque, compared to the Leaf’s 147 hp, Mini’s 181 hp or Mazda’s 143 hp.
Neither of these cars is great at fast charging on DC fast chargers due to the limitations of their charging systems — both the MX-30 and the basic Leaf max out at 50 kilowatts for DC fast charging (the Leaf’s larger battery can go up to 100-kW max) , while the Bolt EV does not exceed 55 kW. The Mini offers 50 kW DC fast charging. Leaf further complicates matters by using the less common CHAdeMO fast charging connector, which means you’ll also have to find a compatible fast charger. All this means that these cars are best charged at home at night using a 240 volt Level 2 system, then used as gas-free commuting vehicles rather than cross-country motorists. The EUV 2022 bolt we recently reviewed, comes with an older but still very good and functional version of General Motors’ hands-free highway Super Cruise system and for $43,190, will now be tacked on for less than $37,000 for the 2023 model. comparable.
For our money, choosing the ’22 Bolt EV and EUV as our Commuter EV Top Pick only feels more justified now, and thanks to this price drop, you could easily argue that the Bolt EV has been the best value too. Note: The price reduction applies to the new model year 2023 Bolt EV and EUV, which go into production later this summer, so don’t rush to your Chevy dealer to buy one. They won’t be in the showroom for a while.
Good as a Second Car?
Many people gave up the idea of a second car in their home during the pandemic—offices closed, working from home became the norm for most white-collar Americans and having a second car in the garage became an unnecessary luxury for many. from people. In addition, the price of used cars has skyrocketed and remains high, making that mostly unused second car worth more if you sell it right away. But times, they changed, and more and more people were returning to the office. And if you’re now looking for a second car, the sticker surprise is real: The average used car price has hit $25,000 for the newest model and has over double for cars that are more than 10 years old. It makes “should I buy new or used?” more pressing questions.
Here’s the advice: For a few thousand dollars more than the average price of a 3-year-old midsize car, you can own a brand new Bolt EV, provide a brand-new car warranty, free from fluctuations in fuel prices, a bunch of the latest and greatest high-tech features and credit for installation. home charging, all in one package that works beautifully in many households with two cars.
Of course, there are a few caveats to this, mostly around owning an EV. It’s important to have a plan for charging and familiarize yourself with your regular usage routine to make sure one will work for you. Living somewhere with roadside parking or in an apartment building that charges no occupants makes EV ownership tricky. But for suburban residents who find themselves back on the road and already planning to spend in the high $20,000 range on a second car, now may be the time to switch to electric, given the value proposition Chevy has just downgraded.
Editor’s Note: This story was updated June 8, 2022, to reflect the DC Mini Cooper SE’s fast charging capabilities.
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