A Serious Value Play. General Motors is one of just two automakers that have lost the federal tax credit for its electric vehicles. While some consumers have lost the ability to save $7,500 on the purchase of a new Chevrolet Bolt EV, the American automaker has made up for it with a massive price cut for the 2023 model year. The Chevrolet Bolt EUV, which is covered separately, has also received a price cut for 2023.

Pricing for the 2023 Bolt EV starts at $26,595 (with destination) and goes up to $29,795. With these price drops, the 2023 Bolt EV becomes the most affordable electric car in the U.S.

The Bolt EV may not have the same cutting-edge tech features as rivals or the same range, but its bargain-basement price continues to make it an attractive EV in the segment.

Enough Range For Most. The Bolt EV doesn’t lead the segment for having the most range, nor is it the most exciting SUV to drive. The electric powertrain brings peppy acceleration and the ride is comfortable for daily use, but drivers looking to have an exciting EV should consider other options.

Chevrolet fits the Bolt EV with a single electric motor on the front wheels that delivers 200 horsepower and 266 pound-feet of torque. While new Chevrolet’s are expected to come with General Motors’ Ultium batteries and platforms, the Bolt EV continues to use told technology. The Bolt EV continues to utilize a 65-kWh lithium-ion battery pack and has a range of 259 miles on a single charge.

For most consumers, 259 miles of range should be plenty for regular use and even the occasional road trip. Owners that plan to use the Bolt EV for city use will find the one-pedal-driving mode especially helpful, as it increases regenerative braking to the point where you don’t have to touch the brake pedal to slow down.

When it’s time to charge your Bolt EV, plugging into a DC fast charger will add approximately 100 miles of range in 30 minutes. Other EVs, like the Hyundai IONIQ 5, Kia EV6, and Tesla Model 3 have quicker recharge times, but the Bolt EV won’t require you to pull over for hours to get a useable amount of range back.

2022 Chevrolet Bolt EV

Large, But Smaller Than EUV. With last year’s introduction of the Bolt EUV, the smaller Bolt EV lives in its larger stablemate’s shadow. For $2,000 more, you can get the larger Bolt EUV, which has some unique features over the smaller, more affordable Bolt EV. Ignoring the Bolt EUV’s existence, the Bolt EV is one of the roomiest small EVs available.

In the back, passengers get 37.9 inches of rear headroom and 36.5 inches of rear legroom. Those are roomy figures for a vehicle of this size. The Bolt EV also impresses on the cargo capacity front with 16.6 cubic feet of cargo space behind the rear seats and a total of 57 cubic feet of cargo space.

While there’s plenty of room in the Bolt EV, there are a few missteps that make the cabin uncomfortable for passengers. The seats, which have been updated for 2023, still don’t have enough padding to be comfortable on long drives. The seats in the front could use more bolstering, while the ones in the back are only wide enough to seat two adults comfortably.

For 2023, Chevrolet has fitted the Bolt EV’s cabin with more upscale materials for a nicer look. The upgraded materials do result in an interior that feels and looks nicer, but the materials still feel in line with a budget EV and bring a dark cabin.

Base Trim Offers Plenty. After getting a steep decrease in pricing, some shoppers may think that Chevrolet has cut some features out of the Bolt EV. We’re happy to report that the Bolt EV continues to come with a lot of the same features as last year.

There are only two trims to choose from with the Bolt EV: 1LT and 2LT. The 1LT has plenty of standard features that include a 10.2-inch touchscreen, wireless Apple CarPlay and Android Auto, an 8-inch digital instrument cluster, remote start, automatic climate control, heated exterior mirrors, cloth upholstery, and a Wi-Fi hot spot.

Chevrolet also offers the base 1LT trim with an extensive list of standard safety features. The main features that you’ll have to spend extra for include blind-spot monitoring and rear cross-traffic alert. Everything else you can think of, like forward-collision warning, lane-keeping assist, lane departure warning, pedestrian detection, and automatic emergency braking are standard.

For an extra $3,200, the 2LT adds some more niceties like ambient interior lighting, a power-adjustable driver’s seat, a rear center armrest, leather upholstery, a heated steering wheel, heated front seats, and an HD surround vision camera. The 2LT is also available with a Bose audio system and a wireless charging pad. Unless you live in an area that gets snow or prefer the way leather feels, we’d go for the 1LT trim and pocket the money.

Final Thoughts. The Chevrolet Bolt EV is one of the EVs that’s been struggling since more automakers have started to come out with newer options with more range and more tech features. To keep the Bolt EV competitive for 2023, Chevrolet has drastically cut the electric hatchback’s price. With pricing continuing to be one of the larger hurdles for EV ownership, making the 2023 Bolt EV the most affordable electric car in the U.S. is a great way to ensure shoppers keep the EV in mind.

The Tesla Model 3 is one of the most sought-after EVs on sale. It’s far more expensive than the Bolt EV but has up to 358 miles of range, can get to 60 mph in 3.1 seconds, has cutting-edge tech features, and has athletic handling.

The Kia EV6 has a stylish design, up to 576 hp, a zero-to-60 mph time of 3.5 seconds, super-fast charge times, an impressive infotainment system, up to 310 miles of range, and available AWD.

Check prices for the 2023 Chevy Bolt EV »