---
title: "The Chevy Bolt Will Start at $29,995 After Uncle Sam’s Tax Credit"
description: "Is it still worth holding out for the Tesla Model 3?"
date: "2016-09-20"
modified: "2016-09-20"
authors:
  - name: "Aaron Brown"
    job_title: "Staff Editor"
    link: "https://www.thedrive.com/authors/aaron-brown"
url: "https://www.thedrive.com/news/5265/the-chevy-bolt-will-start-at-29-995-after-uncle-sams-tax-credit"
categories:
  - "Chevrolet News"
  - "News"
  - "News by Brand"
tags:
  - "Bolt"
  - "Chevrolet"
  - "compact"
  - "Electric Cars"
  - "Electric Vehicle"
  - "Hatchback"
---

# The Chevy Bolt Will Start at $29,995 After Uncle Sam’s Tax Credit

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/archive-images/2017-chevrolet-bolt-ev-hero-.jpg>)
*\<em\>www.thedrive.com</em>*

As we inch ever closer to the day that brand-spanking-new [Chevrolet Bolts](<https://media.chevrolet.com/media/us/en/chevrolet/home.detail.html/content/Pages/news/us/en/2016/sep/0920-bolt-pricing.html>) begin to roll off their assembly line, Chevy is working hard to keep us interested by drip-feeding us facts and figures about General Motors's new electric car. Last week, *The Drive* reported on the news that Chevy's Tesla Model 3 fighter will have a range of 238 miles; now, Chevrolet has revealed just how much the Bolt will cost when it goes on sale later this year.

Chevy announced Tuesday that the Bolt would officially start at $37,495, including the destination charge. That price should come as little surprise to enthusiastic EV-watchers; since the hatchback's official debut earlier this year, GM has been claiming the Bolt would be priced around $37,500.

![chevrolet bolt price the drive](<https://www.thedrive.com/wp-content/uploads/content/archive-images/2017-chevrolet-bolt-rear-inline.jpg>)
**Chevrolet**

More importantly, that MSRP means that the federal government's $7,500 tax rebate for electric vehicle purchasers brings the Bolt's true starting price down to a mere $29,995. And on top of Uncle Sam's tax break, many states also offer their own fiscal credits for [purchasing an electric car](<https://www.thedrive.com/new-cars/1545/the-11-best-electric-cars-you-can-buy-in-america-ranked>); thanks to Colorado's generous tax breaks, for example, a Bolt there could cost as little as $23,995.

Less than $30,000 for a fully-electric hatchback that can easily go more than 200 miles on a single charge doesn't sound like an awful deal to us. Especially when you consider that its main competitor—indeed, the only other electric car in that price bracket expected to have a similar driving range—is probably still at least a year from arriving in customer's driveways. Unless you're a fanatical member of the Tesla cult, we'd say it's at least worth [taking a look in the Chevrolet showroom](<https://www.thedrive.com/article/2078/the-chevy-bolt-is-a-huge-win>).

![chevrolet bolt electric car price the drive](<https://www.thedrive.com/wp-content/uploads/content/archive-images/2017-chevrolet-bolt-interior-inline.jpg>)
**Chevrolet**

## Author
Aaron was previously a contributing writer with Jalopnik and has also written for Business Insider covering cars. When he's not in the office writing the news, you'll probably find him thrashing a beater car around a RallyCross.

### Author social links  
[Instagram](<https://instagram.com/aaronmaxb>)  
[Twitter](<https://twitter.com/aaronmaxb>)