GM Prices 238-Mile Chevrolet Bolt EV From $37,495 Before Federal, State Tax Credits

We've now learned that the official base MSRP is right in line with GM’s previous guidance: $37,495. That means that the Bolt will be priced at $29,999 after a $7,500 federal tax credit. And the Bolt has the potential to be priced even lower thanks to various state rebates and credits.

“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.”

Customers who step into a base Bolt LT will be greeted with a 10.2-inch dash-mounted display, run-flat tires (likely in a bid to save weight and space) and a backup camera. Moving up to the Bolt Premiere adds heated leather front and rear seats, surround camera, and a rearview camera mirror (as seen in recent Cadillac models).

The Bolt can seat five people and has roughly 17 cu ft of cargo space behind the rear seats. And despite weighing nearly 3,600 pounds, the vehicle can still scoot to 60 mph in under 7 seconds, which is impressive for a vehicle in this size class. However, we’d be remiss if we didn’t mention that while a sub $30,000 price after tax credits definitely sounds intriguing for a 200+ mile EV, the similarly-sized Chevy Sonic Hatchback starts at $17,000 — $20,000 less than the non-incentivized priced tag of the Bolt.

But we digress. The Bolt’s true competition will likely be the Tesla Model 3, which will begin production in late 2017. That EV is expected to have a driving range of 215+ miles and will be priced from $35,000 before federal and state tax credits.