DETROIT — The Chevrolet Bolt electric vehicle will have a starting price of $37, 495, including shipping, making it $29,995 after a federal tax credit available to many buyers, General Motors said today.
The price after the tax credit is $5 less than the $30,000 estimate that GM had provided when announcing the car in early 2015.
GM said the base model of the Bolt would be an LT trim equipped with a 10.2-inch color touch screen, a rear vision camera, a steering wheel paddle to control regenerative braking and self-sealing Michelin tires. Leather-appointed seats, front and rear heated seats, a surround camera and a rear-camera mirror will be standard features in the Premier trim, at a price not yet disclosed.
“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,” Alan Batey, the president of GM North America, said in a statement. “We have kept our promise yet again, first on range and now on price.”
GM says the Bolt will arrive as a 2017 model at “select” Chevy dealerships by the end of this year. The car has an EPA-estimated range of 238 miles on a full charge of its 60 kWh battery.
Its starting price is about $2,500 more than the expected cost of the Tesla Model 3, which is being promoted as having a 215-mile range but likely won’t go on sale until about a year after the Bolt.
In some states, additional tax credits may further reduce the cars’ prices. The $7,500 federal credit will eventually begin to phase out as the companies sell more plug-in vehicles.