The big news for the 2023 Chevrolet Bolt EV and Bolt EUV electric vehicles came last week in the form of a price cut: $5,900 bucks less than the 2022 model for the Bolt EV and $6,300 for the longer-wheelbase Bolt EUV. Yes, something actually got cheaper in 2022, which is practically unheard of in the age of pandemic-related inflation. There are a couple reasons for General Motors’ move: The Bolt EV is coming off of a reputational hit thanks to battery fires (that have now been resolved), and GM has lost its federal $7,500 consumer tax credit since it has now passed the threshold limit for EV sales. That one-two punch wasn’t going to let Chevy just cancel the Bolt EV, however. Instead, the company sensed an opportunity and lowered the price to improve its competitiveness, making it the cheapest new EV you can buy in America.