2023 Chevy Bolt EV Specs, Range, and Price — the Cheapest EV in the US!

Following the spate of fires and a halt in production, many wondered if Chevrolet would discontinue the Bolt EV and the crossover SUV version, the Bolt EUV. However, both models will return for the 2023 model year. On top of that, the 2023 Bolt EV has a significant price reduction, making it the cheapest electric car available in the United States. Find out what we know so far about the release date, price, specs, and features of the 2023 Chevy Bolt EV.

When will the 2023 Chevy Bolt EV be available?

Front angle view of light blue 2023 Chevy Bolt EV, highlighting its release date and price
2023 Chevy Bolt EV | Chevrolet

The 2023 Chevy Bolt EV is expected to hit roads in late Summer/early Fall 2022. According to GM Authority, production was delayed until late July 2022. It will be available for buy at Chevrolet dealerships throughout the United States and in select international markets. The Chevy Bolt EV is built alongside the Bolt EUV at the GM Orion plant in Lake Orion, Michigan.

How much does the 2023 Chevy Bolt EV cost?

As mentioned earlier, the 2023 Chevrolet Bolt EV costs significantly less than the 2022 Bolt EV and is now the cheapest electric car in the U.S. The starting prices of the 2023 Bolt EV are $25,600 MSRP for the 1LT trim and $28,800 MSRP for the 2LT trim. Compared to the 2022 Bolt EV, this is a $5,900 price reduction for each trim. 

2023 Bolt EV specs: Electric motor output, acceleration, MPGe fuel economy, driving range, and charging

Light blue 2023 Chevy Bolt EV driving on a city street, highlighting its release date and price
2023 Chevy Bolt EV | Chevrolet

The 2023 Bolt EV features a single electric motor, which generates 200 horsepower and 266 lb-ft of torque. All Bolt EV models have a front-wheel drive system. Unlike the Bolt EUV, the Bolt EV doesn’t offer all-wheel drive. For acceleration, it can go from 0-60 mph in 6.5 seconds.

On the efficiency front, the Bolt EV has an estimated fuel economy of up to 120 combined MPGe. On a full charge, the Bolt EV has an estimated driving range of 259 miles. Also, the electric hatchback has fast-charging capabilities, with the ability to add 100 miles of range in 30 minutes.

What’s new for the 2023 Bolt EV?

Dashboard and front seats in 2023 Chevy Bolt EV, highlighting its release date and price
2023 Chevy Bolt EV | Chevrolet

Other than the decrease in cost, the Chevy Bolt EV has only minor changes for the 2023 model year. It offers one new exterior paint color option: Radiant Red Tintcoat. The 2023 Bolt EV also offers new accessories: an illuminated charge port and front and rear floor liners. 

What are the electric car competitors of the Chevy Bolt EV?

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The electric car competitors of the Chevy Bolt EV include the Tesla Model 3, Polestar 2, Nissan LEAF, Mini Cooper Electric, Kia EV6, and BMW i3.

For warranty coverage, the 2023 Bolt EV has a 3-year/36,000-mile basic warranty and an 8-year/100,000-mile powertrain warranty.

With the major price reduction, the 2023 Chevy Bolt EV might attract electric car buyers who would otherwise be hesitant to buy it after the recent fires.

This article was updated on 7/28/2022.