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The Chevrolet Bolt EV is one of the most affordable electric vehicles (EVs) on the market. However, even with a wallet-friendly starting price, the Chevrolet EV just can’t dethrone some pricier rivals, like the Tesla Model 3 and Model Y.

The Chevrolet Bolt EV might be cheaper than Tesla’s lineup, but EV fans still prefer the Model 3

A light blue Chevrolet Bolt EV shows off its side profile.
Bolt EV | General Motors

According to the latest used car popularity data from iSeeCars, the Chevrolet Bolt EV took the No. 3 spot in the segment. Specifically, the Bolt had a 6.9% share of all one-to-five-year-old used EVs in the American market. It’s good news for Chevrolet’s budget-friendly electric car; the Bolt EV enjoyed a 0.7% increase from 2022 to 2023. 

Make and model% of used EV sales (2023)% of used EV sales (2022)
Tesla Model 334.9%40.0%
Tesla Model Y11.9%10.3%
Chevrolet Bolt EV6.9%6.2%
Nissan LEAF6.2%6.7%
Tesla Model S5.6%9.8%

Better yet, the Bolt EV rose from the segment’s No. 6 spot in 2022 to No. 3 in 2023. That’s impressive coming from a model that General Motors discontinued in 2023 just to resurrect less than a year later. 

However, even with the increased share of overall used EV sales year-over-year, the Chevrolet Bolt EV and its hiked-up variant, the Bolt EUV, are considerably behind Tesla’s most popular nameplate: the Model 3. The diminutive Tesla electric car has a staggering 34.9% of the used EV market. That’s 34.9% of the entire American one-to-five-year-old EV market. 

Still, even though the entry-level Tesla took the No. 1 spot in 2023 and 2023, it lost a sizable market share year-over-year. The Model 3 made up 40% of used EV sales in 2022, 5.1% more than its 2023 performance. It lost nearly as much of its market share in one year as the Model S sold altogether in 2023.

Of course, even with a decreased percentage of all used EV sales, the Model 3 has a dominant segment lead. In fact, the little Tesla electric car outsold its SUV sibling, the Model Y, by 23%. That, and it outsold the Chevrolet Bolt EV by an impressive 28%

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Source: iSeeCars