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GM is slashing prices for the Chevy Bolt amid high demand for electric vehicles

10 points by clouddrover 4y ago

rmason 4y ago
Ford and Tesla can't make enough EV's and Chevy is slashing prices on the Bolt. What does that tell you? At a new base price of $26595 after you allow for the Federal tax break of $7500 and the new California tax break of $7000 that makes the Bolt $12095. If they don't move out of show rooms at that price they better stop making them.
- mixmastamyk 4y ago
  Is there a model with privacy? I might get one.
- clouddrover 4y ago
  > What does that tell you? It tells me that there isn't much of a market for small hatchbacks in the US. The Bolt's fast charging also isn't that fast at a maximum of 55 kW. You can road trip a Bolt but you're in for longer charging sessions. The charging less of an issue if you plan to use it as a city car with home charging. > after you allow for the Federal tax break of $7500 GM no longer qualifies for the federal tax credit.
- Tagbert 4y ago
  GM no longer qualifies for the federal tax credit. They have already sold 200K vehicles with credits.
- Tagbert 4y ago
  GM said that the new $26595 MSRP is intended to bring the list price into alignment with the actual transaction price of the vehicles. There have always been significant discounts available for the Bolt that brought it’s price down to the level of the new MSRP. The problem was that the old $32K MSRP scared a lot of customers off from even looking at the Bolt. Now the asking price is more in line with what customers are actually paying and that should help GM catch back up to where they need to be sales wise after several months of the stop-sale recall period.
- rasz 4y ago
  >What does that tell you? For once people are actually aware enough to avoid a dud https://insideevs.com/news/551768/another-chevrolet-bolt-fire-maryland/ https://insideevs.com/news/551768/another-chevrolet-bolt-fir... Bold is the new Pinto.
  - Tagbert 4y ago
    All Bolts sold now have new battery packs that have been verified to not have the manufacturing defect that affected the early batches of batteries and results in a total of 12 fires. The batteries were all sourced from LG who has agreed to pay $2billion to pay for this. After this, I’m sure that LG is being very very careful in their manufacture to avoid similar problems.

10 points by clouddrover 4y ago

Ford and Tesla can't make enough EV's and Chevy is slashing prices on the Bolt. What does that tell you? At a new base price of $26595 after you allow for the Federal tax break of $7500 and the new California tax break of $7000 that makes the Bolt $12095. If they don't move out of show rooms at that price they better stop making them.

mixmastamyk 4y ago
Is there a model with privacy? I might get one.
clouddrover 4y ago
> What does that tell you? It tells me that there isn't much of a market for small hatchbacks in the US. The Bolt's fast charging also isn't that fast at a maximum of 55 kW. You can road trip a Bolt but you're in for longer charging sessions. The charging less of an issue if you plan to use it as a city car with home charging. > after you allow for the Federal tax break of $7500 GM no longer qualifies for the federal tax credit.
Tagbert 4y ago
GM no longer qualifies for the federal tax credit. They have already sold 200K vehicles with credits.
Tagbert 4y ago
GM said that the new $26595 MSRP is intended to bring the list price into alignment with the actual transaction price of the vehicles. There have always been significant discounts available for the Bolt that brought it’s price down to the level of the new MSRP. The problem was that the old $32K MSRP scared a lot of customers off from even looking at the Bolt. Now the asking price is more in line with what customers are actually paying and that should help GM catch back up to where they need to be sales wise after several months of the stop-sale recall period.
rasz 4y ago
>What does that tell you? For once people are actually aware enough to avoid a dud https://insideevs.com/news/551768/another-chevrolet-bolt-fire-maryland/ https://insideevs.com/news/551768/another-chevrolet-bolt-fir... Bold is the new Pinto.
- Tagbert 4y ago
  All Bolts sold now have new battery packs that have been verified to not have the manufacturing defect that affected the early batches of batteries and results in a total of 12 fires. The batteries were all sourced from LG who has agreed to pay $2billion to pay for this. After this, I’m sure that LG is being very very careful in their manufacture to avoid similar problems.