General Motors officially announced the 2027 Chevrolet Bolt with an MSRP of $28,995. This pricing makes the model the most affordable electric vehicle in the United States. GM intends to capture a key market segment by leveraging the established nameplate.
The announcement follows a $6 billion charge recorded in January 2026 regarding EV investments. GM recently idled workers at an EV plant because of slow market adoption.
The new Bolt will utilize the motor and power electronics from the Chevrolet Equinox EV. This component sharing aims to lower manufacturing expenses.