General Motors is slashing prices for the 2023 Chevy Bolt EV and Bolt EUV amid high demand for electric vehicles. While other automakers are jacking up EV prices to account for rising commodity costs, GM says it wants to send the message that “affordability has always been a priority for these vehicles.”

Under the new pricing scheme, 2023 Bolt EVs with the 1LT trim will start at $26,595, which includes dealer freight charges. That’s down from the 2022 price of $32,495, reflecting an 18 percent drop. The 2LT trim, which includes leather seats, HD surround vision, and lane-change alert, starts at $29,795, a 16 percent decrease from the 2022 price of $35,695.

The 2023 Bolt EUV with the LT trim starts at $28,195, also including dealer freight charges — an 18 percent drop from the 2022 model year price of $34,495. The Premium trim level of the Bolt EUV will start at $32,695, a 16 percent decrease from the 2022 price of $38,995. Delivery charges are $995 and are reflected in the 2023 starting price for both vehicles and