The Chevrolet Bolt EV was known for its value proposition in the electric vehicle market. While it may not have been considered the most flashy or premium EV, it offered a respectable 259 miles of EPA range at a starting price of less than $30,000. Sales were on the rise until GM decided to discontinue the model to make way for new Ultium-powered EVs.
Although new Bolt EVs are no longer available, there are plenty of used examples on the market due to expiring leases and fleet sales. With the prices of used EVs dropping, scoring a used Bolt EV can provide a great deal for those looking for a serviceable electric vehicle.
If you are considering buying a used Chevrolet Bolt EV, there are a few key factors to keep in mind. Used Bolt EVs are quite affordable, with pre-refresh models from 2017-21 costing between $10,000 and $15,000, and post-refresh 2022-23 models priced between $15,000 and $20,000. Most used Bolt EVs should qualify for the used EV tax credit, making them even more cost-effective.
The Bolt EV lineup saw some changes during its production run, including an upgrade to a larger 66 kWh battery pack in 2020 and a refresh in 2022 with aesthetic and performance improvements. Additionally, the Bolt EUV was introduced during the 2022 refresh, offering similar electric powertrain performance but with additional cabin space and features like GM’s Super Cruise hands-free driving on the Premier trim.
One significant concern with the Bolt EV is the battery fire risk that led to a large-scale recall. Buyers of used Bolt EVs should verify how the recall was addressed, as some vehicles received new battery packs, while others only had monitoring software updates. Checking the maintenance record and CARFAX report can provide insight into how the recall was handled for a specific vehicle.
Other ongoing concerns with used Bolt EVs include slow fast charging capabilities, lack of a heat pump for cold weather efficiency, and potential mechanical issues beyond the battery pack. Battery degradation is also a common issue with EVs, but Bolt EVs have shown minimal degradation over high mileage in anecdotal reports.
Used Chevrolet Bolt EVs typically come with warranty coverage, including a bumper-to-bumper warranty and a battery/powertrain warranty. Vehicles that had their battery replaced as part of the recall received a new warranty as well.
In conclusion, buying a used Chevrolet Bolt EV can be a cost-effective way to enter the electric vehicle market, but prospective buyers should carefully consider factors like the battery recall, maintenance history, and potential ongoing concerns before making a purchase.