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Raw material costs for electric vehicles have doubled during the pandemic

Count Orlok

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NY_Rob

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Meanwhile... GM has somehow found a way to lower the price of the 2023 Bolt and 2023 Bolt EUV by $6,000...

From CNET:
A 2023 Bolt EV will cost $26,595 (including $995 for destination), a major drop from 2022's starting price of $32,495.

The higher-riding Bolt EUV is also staring down one heck of a haircut. A base LT now costs $28,195, down from $34,495.
 

DJG

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Meanwhile... GM has somehow found a way to lower the price of the 2023 Bolt and 2023 Bolt EUV by $6,000...

From CNET:
A 2023 Bolt EV will cost $26,595 (including $995 for destination), a major drop from 2022's starting price of $32,495.

The higher-riding Bolt EUV is also staring down one heck of a haircut. A base LT now costs $28,195, down from $34,495.
Seatbelts and HVAC optional add ons.
 

NY_Rob

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I had a 2017 Bolt for 3yrs/45K miles driven.... a great little vehicle actually. And, it had AA/CP and some features (ability to read incoming text messages aloud, etc..) that Rivian still does not have 5 yrs later.
 

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jjwolf120

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A 2023 Bolt EV will cost $26,595 (including $995 for destination), a major drop from 2022's starting price of $32,495.
They lowered the list price and reduced the dealer incentive.
 

NY_Rob

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They lowered the list price and reduced the dealer incentive.
And people are paying "list" for the Bolt and EUV unlike the Lightning, Mach E, etc... with dealer markups.

Same exact car as the '22 model except GM added an illuminated charge port and lowered the list price $6K.

A friend just inquired at his local Chevy dealership as he's looking at a '23 Bolt for his son.. .the dealer quoted him "list price" on the 2023 model Bolt.
 

kurtlikevonnegut

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Gator42

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Sounds like they are having a firesale
…what I was thinking. I’ve been getting lots of those mid season sales from lots of retailers not accustomed to mid season markdowns…it’s a pretty good indicator in the near future the consumer confidence numbers won’t be good…
 
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NY_Rob

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Sounds like they are having a firesale
These are 2023 models that haven't been built yet...

The fact is GM found a way to lower the vehicle price by 20% and even add some content to an EV while others are raising prices and de-contenting their offerings.
 

electruck

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These are 2023 models that haven't been built yet...

The fact is GM found a way to lower the vehicle price by 20% and even add some content to an EV while others are raising prices and de-contenting their offerings.
It's not just "others" that are raising prices. Sure, GM found a way to lower Bolt prices but at the same time they are raising prices on the Hummer. GM is giving a little here, taking a little there. Also consider that the Bolt still has a reputation problem to overcome. Lots of factors influencing GM's overall pricing strategy. You have to be very careful about the conclusions you draw from a single data point.
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