"When the new Chevy Bolt arrives early next year, it will start at $29,995, making it one of the most affordable new EVs in the U.S. It's thousands of dollars cheaper than Tesla's "affordable" new versions of its Model 3 and Model Y. It's also significantly less expensive than the average gas car, and like other EVs, it's cheaper to operate."
"GM faces major headwinds with the loss of the $7,500 tax credit for electric cars, and it's scaled back production plans and cut jobs in response. But the new Bolt is so affordable that it could win over consumers even without the incentive. "We wanted to get that under-$30,000 number," says Jeremy Short, chief engineer on GM's Bolt team."
GM will launch a redesigned Chevy Bolt early next year with a starting price of $29,995, positioning it among the most affordable new EVs in the U.S. The Bolt undercuts Tesla's lower-priced Model 3 and Model Y variants and is cheaper than the average gasoline car, while offering lower operating costs typical of EVs. GM lost eligibility for the $7,500 federal tax credit, prompting scaled-back production plans and job cuts. GM prioritized aggressive cost reductions and design choices to reach a sub-$30,000 price point. The company also adopted a new battery chemistry that removes costly cobalt and nickel.
Read at Fast Company
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