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2017 Chevrolet Bolt EV Starts at $37,495

img1646980675 1473781353801 jpg 2017 Chevrolet Bolt EV | Manufacturer image

CARS.COM — Chevrolet has announced that its new 2017 Bolt EV electric car will have a starting price of $37,495 including destination when it goes on sale at select dealerships nationwide later this year. After factoring a federal tax credit of up to $7,500 for which some buyers may qualify, the total price of a base Bolt EV could ring in as low as $29,995, according to Chevrolet. The Bolt’s direct competitor is the Tesla Model 3, which the automaker has said will cost around $35,000 (before incentives) when it goes on sale in 2018.

Related: 2017 Chevrolet Bolt EV Will Offer 238 Miles of Range

That base price is for the entry-level Bolt LT model, which includes standard equipment such as a backup camera, Michelin run-flat tires and a 10.2-inch display screen on the center console. A Premier trim is also available, which adds heated front and rear leather seats, a 360-degree-view camera, and a novel rear camera mirror similar to this one.

It should be noted that the $7,500 figure is not a refund or rebate on the price of the car but an income tax credit that qualifying buyers may receive when claiming the purchase of a full electric car such as the Bolt EV on their annual taxes. When leasing the car, the credit may apply to allow the leasing company to reduce the price of the vehicle. Some states, municipalities and even employers offer additional tax and rebate incentives toward the purchase of an electric car, so it makes sense to look into what is available around you to reduce that initial cost. You can find additional state-specific EV incentive information at the U.S. Department of Energy’s Alternative Fuels Data Center website here.

Photo of Aaron Bragman
Detroit Bureau Chief Aaron Bragman has had over 25 years of experience in the auto industry as a journalist, analyst, purchasing agent and program manager. Bragman grew up around his father’s classic Triumph sports cars (which were all sold and gone when he turned 16, much to his frustration) and comes from a Detroit family where cars put food on tables as much as smiles on faces. Today, he’s a member of the Automotive Press Association and the Midwest Automotive Media Association. His pronouns are he/him, but his adjectives are fat/sassy. Email Aaron Bragman

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