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Chevrolet Bolt Ev

All articles tagged with #chevrolet bolt ev

automotive2 years ago•5 min saved

The Changing Landscape of Electric Car Affordability

Electric vehicles are becoming more accessible to a wider range of consumers due to the introduction of new models, increased production, and favorable tax laws. Automakers like General Motors, Ford, Hyundai, Kia, and Volkswagen are offering electric vehicles at prices significantly below the average sale price of $48,000 for new vehicles. Tax credits can be utilized for leasing electric vehicles, providing lower lease payments for consumers. The availability of more electric vehicle models has led to a surplus of inventory, potentially giving buyers more bargaining power. The Chevrolet Bolt EV, priced at $26,500 before tax credits, is currently one of the most affordable electric vehicles on the market. Hyundai, Kia, and Volkswagen also offer competitive options with fast charging capabilities and long driving ranges.

via CNN|

#affordable-evs #automotive #car-leasing

business2 years ago•5 min saved

GM's Net Income Soars to $2.5B Despite Bolt Recall

General Motors (GM) reported a net income of over $2.5 billion for Q2 2023, despite incurring a charge of $792 million related to the Chevrolet Bolt EV and Bolt EUV recall. The recall was due to a potential fire risk in the LG-supplied batteries. GM CEO Mary Barra stated that the charge reflects the company's commitment to serving customers beyond traditional remedies. Despite the recall, GM reported strong financial results, including increased revenue, net income, and adjusted earnings. The company also raised its full-year guidance and expects to produce approximately 100,000 EVs in the second half of the year. However, GM has faced delays in producing some of its new electric vehicles, including the Cadillac Lyriq.

via Detroit Free Press|

#business #chevrolet-bolt-ev #earnings

automotive2 years ago•3 min saved

Affordable Car Options: Cheap Cars, Summer 2023 Sales, and Non-Toyota/Honda SUVs

Despite the average price of a new car reaching about $48,000, there are still plenty of choices on the market that cost less than the average new vehicle. The new 2024 Chevrolet Trax and Chevrolet Trailblazer, with starting prices around $20,000 and $22,000, respectively, are positively inexpensive by today’s standards. Cars.com recently announced its “Best Value Cars” for the 2023 model year, with the overall winner being the Kia Rio S with the technology option package. Among pickups, Cars.com’s best value was the Ford Maverick XL with the Co-Pilot 360 driving assistance package added. Thanks to new tax credit rules, it’s even possible to get some cheaper fully electric models, such as the Chevrolet Bolt EV.

via CNN|

#automotive #car-prices #chevrolet-bolt-ev

automotive2 years ago•2 min saved

Volkswagen unveils affordable ID.2all electric car concept with impressive range.

Volkswagen has unveiled the ID.2all electric concept car, a two-door subcompact with a 223-horsepower powertrain and an estimated range of 280 miles per charge. The model is set to be sold for less than $26,500 starting in 2025, but VW has only confirmed it for the European market. The ID.2all's target price is the same as the Chevrolet Bolt EV, which is slightly longer and has a range of 259 miles per charge. VW sells the larger ID.4 electric SUV in the U.S., with plans to introduce the retro ID.Buzz minivan and midsize ID.7 sedan in the future.

via Fox News|

#automotive #chevrolet-bolt-ev #electric-cars