Cars

Chevrolet Bolt Loses It Over Tesla Model 3, Nissan Leaf Threat

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The Chevrolet Bolt has rolled out to only seven states, meaning that its price should be marked up significantly by dealerships. While that’s true for some, it appears that others have been offering considerable discounts for the electric hatch.

This isn’t really based on differences in location. Pricing disparities can also be found between dealers that are separated by only a few miles. Bear in mind that the discounts we’re talking about are being offered on top of other readily available incentives.

For instance, the EV could be purchased in California with a price cut of up to over $5,000. Coupled by the fact that it qualifies for the $7,500 federal tax and the $2,500 rebate in the state, some buyers would need to fork out less than $25,000 for the Bolt.

There’s a good reason some dealers are willing to accept smaller margins in order to clear out their stock of the hatch quicker than others – it’s because of the Tesla Model 3 and Nissan Leaf. With a lighter price tag and semi-autonomous driving features, the next-gen Leaf seems good enough to threaten GM’s EV aspirations; however, the Model 3 is the main worry.

The upcoming Tesla compact remains the one to beat even though the Bolt looks like a solid alternative. GM’s dealers understand this. They know that demand for the Bolt may be strong now but would wane significantly when the Model 3 starts flooding the streets, otherwise they would see no reason to sell the Bolt off as quickly as they can.