DETROIT – General Motors has just decided to drastically reduce the prices of its entry-level model, the Chevy Bolt. This vehicle, dubbed the “Tesla Killer” of the Detroit vehicle manufacturer, will be sold below the symbolic bar of $30,000. The Chevy Bolt will thus become the most affordable electric vehicle on the market.

The price of the Chevrolet Bolt sedan model year 2023 with 1LT trim, will start at $26,595, including dealer freight charges, the company announced on the website dedicated to the car. The cost of the 2022 model year Chevy Bolt 1LT trim was $32,495. This is therefore a price reduction of 18.15 percent.

The 2LT, which includes leather seats, HD surround vision, and lane-change alert, will start at $29,795 from $35,695 for model year 2022. The price decrease is 16.5 percent.

GM has also lowered the prices of the SUV version of the Bolt, the Bolt EUV. The standard 2023 Bolt EUV starts at $28,195, including dealer freight charges, down 18.3 percent. The premium Bolt EUV will now cost $32,695 from $38,995, down 16.15 percent.

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