General Motors recently announced substantial price cuts for the two Bolt models in the US
The Canadian arm of the company said the 2023 Bolts will sell for the same price as in 2022
Even without the price cuts, the only cheaper electric car is the Nissan Leaf
General Motors has recently announced substantial price cuts for the 2023 model year of the Chevrolet Bolt EV and the Bolt EUV in the United States, which led to believe a similar strategy would be used in Canada, but this isn’t the case.
Indeed, GM decided to cut back the price of the Bolt EV by $5,900 and the Bolt EUV by $6,300, which results in new base prices of $26,595 and $28,195 respectively.
The story is different over the border however since GM Canada has now confirmed that there will be no such changes to the pricing strategy of its most affordable electric vehicles.
This means that the Chevrolet Bolt EV and EUV models will continue to sell for $38,198 and $40,198 respectively in Canada, following a previous reduction of $6,800 for 2022.
Even without the price cuts, the two Bolt models still remain the most affordable electric vehicles in Canada, with the exception of the Nissan Leaf, which has slightly less range.
General Motors is about to add new affordable EVs to its lineup, such as the Equinox EV and the Blazer EV, the first of which is supposed to be offered at less than $30,000 in the US.
As seen in the Bolt’s case, pricing in Canada doesn’t always follow the strategy used by our southern neighbors so the Equinox EV could turn out to be quite a bit more expensive, but it should still remain one of the most affordable options among the new generation of electric vehicles that will arrive on the market in the coming years.