2022 Chevrolet Bolt EV Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost
Chevrolet Bolt EV Pricing for the 1LT and 2LT Trims
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How to Calculate The Dealer Cost of a Chevrolet Bolt EV
Formula for Calculating Dealer Cost:
- Example: Base Chevrolet Bolt EV invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
- What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.
Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here)
The Bolt is one of Chevy's all-electric models. It's been in production for several years, so some people may already be familiar with it. As the years have passed, the Bolt has received several updates, and now, it has several pieces of high-tech equipment. There's a decent amount of interior space in the Bolt EV, and of course, it comes with all the advantages of an electric car.
What's Different About the 2022 Model Year?
First, the Bolt EV is cheaper than it was previously. Dropping in price from one year to the next is something that's rarely seen in the industry. The price decrease of about $5,000 isn't insignificant at all.
There have been some upgrades made in terms of charging. The Level 2 maximum charging capability has been bumped up a bit, and a dual-level charging cord is now available.
Beyond this, the hatchback has gotten a makeover. It features a new front fascia, along with a different lighting design. The narrow LED lights are futuristic in style. Inside its cabin, it has a new center console, and instead of a traditional shift lever, it has a collection of gear buttons. The touchscreen uses Chevrolet's Infotainment 3 software, which is user-friendly and easy to navigate.
The Driving Experience
As a compact hatchback that sits low to the ground, the Bolt EV offers a pretty peppy ride. Thanks to its electric motor, it has 200 horsepower and 266 pound-feet of torque. It takes about six and a half seconds to go from zero to 60 miles per hour. When Sport Mode is engaged, which can be done by simply pressing a button, the car feels even more responsive.
One pedal driving is something that's unique to certain vehicles. With the Bolt EV, users can push a button to turn on this mode. To accelerate, people would use the "gas" pedal, and to slow down, they would simply release pressure from that pedal. Regenerative braking allows the Bolt to capture energy when it's slowing down. In this mode, the vehicle can come to a complete stop without the driver using the brake pedal at all. It does take some getting used to, but it can be an interesting way to travel.
Range and Charging Time
Many customers who are new to electric vehicles have a lot of questions about an all-electric vehicle's range and how its battery can be charged. Fortunately, with the increase in popularity of these models, charging has become straightforward. There are numerous public charging stations where the Bolt EV can be plugged in. Apps and websites have published these locations so that longer journeys can be planned out ahead of time.
The MyChevy App can be very useful. It keeps track of the Bolt's current battery level, and it takes driving conditions and weather into account as it figures out the remaining range. With this app, users can pinpoint charging stations close to them. The app can remind people when to stop and for how long they'll need to plug in their vehicles.
DC Fast Charging makes the process relatively quick. When hooked up to a DC fast charging station with a Level 3 connection, it takes about half an hour to add 100 miles to the range.
Most won't have access to DC Fast Charging stations at their residences, though. In that case, they can use Level 1 (120-volt) or Level 2 (240-volt) outlets. A dual-level charging cord is available, and it can work with either type.
With level 2 charging, a battery can get a full charge in seven hours. Knowing this, it makes sense that drivers often charge their vehicles over night. Level 1 charging isn't as fast, but it might not be that inconvenient. After all, it's common to spend an extended amount of time at home after work or an outing before heading out again in the morning.
A full charge gives the hatchback the ability to travel up to 259 miles. This is a competitive number in the all-electric industry.
The vehicle relies on technology in many ways. There can be a digital information center behind the steering wheel that provides updates about range, power flow, and driving history. With wireless Apple CarPlay, wireless Android Auto, and Amazon Alexa integration, it's easy to stay connected, entertained, and informed while traveling. The 10.2-inch touchscreen has an impressive size, and Wi-Fi capability and wireless charging are both available.
There are a few standard driver-assist systems to help protect passengers. Forward-collision warning comes with automatic emergency braking, and lane departure warning is accompanied by a lane keeping assist system. Adaptive cruise control, a 360-degree camera, and rear cross-traffic monitoring are some of the additional mechanisms that can be added on to the Bolt's safety package.
The cabin of the Bolt has a nice amount of space. Five passengers can fit in the car, with rear-seat passengers having 36 inches of leg room. The rear cargo area is relatively tall, providing more space for gear. More upscale amenities, such as leather upholstery and a heated steering wheel, are available.
Electric vehicles are intriguing, but most of them aren't cheap. That's why the Bolt EV is poised to do well in 2022. In addition to having a competitive price tag, it has a good range, nice interior features, and plenty of capability.
Note: All Chevrolet Bolt EV MSRP, invoice and dealer cost dollar figures above are subject to change without notice.
A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.