2017 Chevrolet Bolt EV Starts at $37,500

Federal tax incentives can bring it down to $30,000.

According to the 2017 Chevrolet Bolt EV's official website, the new electric car carries a starting price of $37,500, including destination charges. If you factor in a potential federal tax credit of $7,500 (depending on eligibility), the Bolt meets GM's original price target of "around $30,000," and some available state incentives could bring that price even lower.

That starting cost is a bit higher than some of the Bolt's all-electric rivals. But the Chevy's party piece is its claimed 200-mile driving range that tops all competitors save for the expensive Tesla Model S and X. The EV with the next-best range is the 2016 Nissan Leaf, which offers 107 miles of range from its optional 30-kWh battery pack. Though the Leaf starts at $29,860 for the base S trim, the upgraded battery is offered only on the SV trim and above, starting at $35,050 with destination and before any tax breaks.

Other EV competitors like the Volkswagen e-Golf ($29,815 with destination) and the Kia Soul EV ($32,775 with destination) are priced lower, but also offer shorter EPA driving ranges of 83 miles and 93 miles, respectively. Volkswagen is planning an upgraded battery for the e-Golf, as is Ford for its Focus Electric, but we doubt these updated EVs will be able to match the Chevrolet Bolt's estimated range.

Chevrolet says the 2017 Bolt EV will be available starting in late 2016, after it begins production at GM's plant in Orion, Michigan. Lease pricing is not yet available, so stay tuned for more info to come on this exciting new electric car.

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