GM Hints at Even Cheaper Chevrolet Bolt When New Generation Lands
General Motors, which has revised its EV plans more than once over the past couple of years, recently confirmed that the next-generation Chevrolet Bolt EV will be the automaker’s most affordable electric vehicle—more so than the new and highly popular Equinox EV—when it launches late in 2025.
GM president Mark Reuss told investors on October 8 that pricing "will be only slightly higher than the 2023 Bolt,” which carried a base MSRP of $38,548. The barely larger Bolt EUV started at $40,548. In fact, he spoke about a family of Bolt models, “including an even lower-cost option,” in a continued effort to put more people in an EV.
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"The 2026 Bolt will offer the same value as the original Bolt and much more, and it will be a moneymaker for us," Reuss said, as quoted by U.S. publication Automotive News.
The second-generation Bolt will ride on a new platform, the one that GM used to call Ultium before it recently decided to drop the name going forward. Alas, Reuss had little more to say, but we suspect the battery will use lithium iron phosphate (LFP) chemistry in order to reduce cost as much as possible. What’s more, charging speeds are expected to be significantly faster, addressing probably the biggest complaint about the original Bolt.
An official debut could take place as early as November at the Los Angeles Auto Show, or maybe at the beginning of next year. Keep following The Car Guide for more announcements.