Chevy Bolt Will Be Available Nationwide by August

By · June 09, 2017


2017 Chevrolet Bolt

General Motors announced this week that it will accelerate its plans to sell the 238-mile Chevy Bolt electric car throughout the United States. All authorized dealerships nationwide can now order the Bolt for deliveries in August rather than September, as previously planned.

The Chevy Bolt, which sells for about $30,000 after federal tax incentives, is the first so-called affordable long-range electric car on the market. The Bolt’s official range is 238 miles on a single charge. That range approaches the level of what’s provided by internal combustion cars—arguably enough to win over car shoppers who like the idea of an EV but hesitated due to limited range. Following on the heels of the Bolt, Tesla is expected to start selling the Model 3, its affordable long-range EV, by the end of 2017. That will likely be followed by similar long-range models from Nissan, Audi and others.

Monthly sales of the Bolt EV hit a new high in May: 1,566 units—or 5,950 cars so far in 2017. The nationwide rollout of the Bolt at an accelerated pace will help GM get closer to its target of 25,000 sales in its first year of production. Jim Cain, a Chevrolet spokesman, said that sales were “right on plan.”

“The term I would use is slow and steady,” said Marc Cannon, a spokesman for AutoNation, the largest dealership group in the United States. “They’re making sure they meet the needs of early adopters, and they’re taking their time doing it.”

The Bolt has been selling in California, Maryland, Massachusetts, Oregon, and Virginia since the beginning of the year. Since then, sales of the long-distance EV have expanded to Colorado, Connecticut, Maine, New Hampshire, New York, New Jersey, Rhode Island, Vermont and Washington.

A nationwide ad campaign is planned for the coming weeks. “We were waiting for the training to be done, we were waiting for the right tools to be in place,” said Steve Majoros, Chevrolet’s marketing director for cars and crossovers. “We are kind of ahead of schedule on implementing all of those things as well as making sure we have enough sufficient inventory.”

Contact your local Chevy dealership to find out when the Bolt is coming to your town.

Comments

· · 2 weeks ago

"The Chevy Bolt, which sells for about $30,000 before federal tax incentives"

Nope. I believe you meant to write "AFTER"...and no to beat a dead horse, but most of us will not qualify for this price since you have to be pretty wealthy to get the entire tax credit.

· · 2 weeks ago

I second Er86's comment about "AFTER", not before.

To get the full $7,500 tax credit I calculated* that a single person making $51,095 would get to use the full credit. A married couple would need to make $60,367.

* I am not an accountant, so do not count on this being correct, verify it with somebody that really knows.

· · 2 weeks ago

Thanks for catching the mistake. I changed to "after." In terms of getting the full amount of the tax credit, one way to ensure that is to lease rather than buy. When leasing, the credit is taken by the dealer, which reduces the basis for the lease by that amount.

· · 1 week ago

The 2016 US tax tables shows that a taxable income between $52,800-$52,850 is a tax liability of $7504 so you would need to have a taxable income of this amount to not leave any of the credit on the table. Taxable income is after deductions for items like an IRA deduction, exemptions, etc. so the real number you have to have before you reach this number is MUCH higher. No two people's taxes are the same, but for a single person without any actual deduction other than the standard one and the one exemption the number is:

52,800 + 4050 (exemption for 1 person) + 6300 (standard deduction) = $63,100.

Add children, mortgage interest and other deductions and the number just keeps going up and up...so you really have to be quite well off to take the full $7500 tax credit.

I really HATE leasing as it is just not a wise financial move, but many of us may need to follow Brad's suggestion as the lesser of two evils after crunching the numbers...which is why EV sales do so well at the end of the year. 8-)

· · 1 week ago

I just learned that Chevy doesn't offer the full $7,500 amount back on the lease basis. Just $3,500. Doesn't seem right.

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