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GM IS SLASHING PRICES FOR THE CHEVY BOLT AMID HIGH DEMAND FOR ELECTRIC VEHICLES - THE VERGE

2023 GM BOLT EVS WITH THE 1LT TRIM WILL START AT $26,595, WHICH INCLUDES DEALER FREIGHT CHARGES,DOWN FROM 2022 PRICE OF $32,495- THE VERGE
 

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I guess that's the long rumored $25k Tesla...;)
 

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The Detroit News has an article as well.

The Detroit automaker cut the cost of the Bolt EV to a starting price of $26,595, down $5,900 from the 2022 model year. GM also reduced the price of its larger Bolt EUV by $6,300 to start at $28,195. All pricing includes a mandatory $995 destination charge.
 
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I'm 70 years old, and haven't spent $26,000 for cars over my enire life. Biggest purchase was $15,000 for a 1991 Saab 9000 Turbo in 1992. Currently own a 2006 Volvo S60 turbo.
 

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The question is what is the real reason ... ie. how much does it cost to make them vs what they are selling them for.

a) For example, what do the sales look like for all similar-sized BEVs.
b) As well and more likely, if a typical buyer is Google searching for the GM Bolt what are the articles and headlines going to say that they see. I think this is their answer to the PR of battery 'issues'.
 

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I'm 70 years old, and haven't spent $26,000 for cars over my enire life. Biggest purchase was $15,000 for a 1991 Saab 9000 Turbo in 1992. Currently own a 2006 Volvo S60 turbo.
My guess is you have bought used, as a 2006 Volvo S60 starting MSRP when new was $30, 270 for the 2.5T. The T5 was $32,045 and the R $37,920. For comparison a 2022 Volvo S60 starts at $40,295 and climbs to $65,845.

I'm a big proponent of buying slightly used 1-2 year old cars as they can be a bargain compared to buying new. Not so much today though.

Regardless, $26,595 is a great deal if you need a new (EV) car and as pointed out, that price is not much higher than a used car at today's crazy prices.

I think this is their answer to the PR of battery 'issues'.
I think you nailed it, Scott.
 
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Discussion Starter · #10 ·

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This article doesn't make sense. They compare F-150 lighting to Bolt and claim it is a bargain. Why not Mustang Mach-E, or Tesla?

I am sure a Sedan buyer is not looking for a Truck.

I thought price drop was due to no $7500 credit.
I have zero interest in a truck and a truck buyer likely is not cross-shopping for a Bolt EV.
 
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I thought price drop was due to no $7500 credit.
GM hasn't had the $7,500 tax credit for several years now. The prices for the Volt and Bolt were dropped when they lost the credit. This is an additional price cut on the Bolt.
 
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Discussion Starter · #15 ·
We have 2015 Volt. We got a deal at that time when 2016 model arrived. Now, we are looking at new vehicles. This price drop makes me consider bolt. I was actually looking into Hyundai Ioniq 5 or Kia EV.
 

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Interesting. Tesla has been increasing prices. Wonder why?
Because they can. Until competing, compelling EVs start hitting the streets en-masse Tesla has no reason to drop their prices.
 
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Now it's a case of get a dead end Bolt for $26,600 to $28,200 or wait till 2023/4 for a $30,000 Equinox with Ultium battery (more flexabilty re battery parts).
 
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Now it's a case of get a dead end Bolt for $26,600 to $28,200 or wait till 2023/4 for a $30,000 Equinox with Ultium battery (more flexabilty re battery parts).
Yup. I already have a Bolt, but if I needed a car NOW, this would be tempting compared to waiting for the end of 2023 for the EQuinox.
 
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