2017 Chevrolet Bolt: So Cheap It Hurts Tesla Model 3
For those looking to get your hands on the Chevrolet Bolt, at least in the states where it’s available, you’re in luck. Due to competition between dealers, and the imminent threat of the Tesla Model 3 and Nissan Leaf, you would be able to buy a Bolt for discounts of up to over $5,000.
And if you’re in California, you can add the state’s own EV rebate on top of that discount and pay far less than the Bolt’s starting price of $35,000. This would effectively give the hatch an advantage over the Model 3, which also starts at that price.
But that’s not all. Each EV producer is allocated only 200,000 vehicles to qualify for the $7,500 tax break from the federal government. Tesla is one of the beneficiaries of this initiative, but may cease to be soon after the launch of the Tesla Model 3 later this year.
By the end of last year, more than 110,000 units of the Tesla Model S and Model X have been sold combined, and that figure should have risen to about 115,000 through February.
When the Model 3 starts rolling out to buyers, Tesla would likely not have reached its 200,000 yet. But how soon before it does? Well, Hybrid Cars predicts that by the end of this year, the automaker would have sold close to 170,000 vehicles stateside, leaving more than 30,000 vehicles for the taking.
And not all remaining units for the tax break would go to Model 3 buyers, as sales of the Model S and Model X would also take up a large part of what’s left. That, combined with the fact that the Chevy Bolt would continue to enjoy the $7,500 credit with GM far from hitting its own 200k cap, is going to give the Bolt an extra edge over the Model 3 in this price war.