Tesla Model 3 or Chevy Bolt? Price creep vs. price collapse

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Chevrolet is offering offers on the 2021 Bolts that take the price of the 259-mile range electric vehicle to some of the lowest levels yet, while Tesla is slowly raising the price of its best-selling Model 3.

In greater Los Angeles, the 2021 Chevy Bolts cost nearly $ 26,000, according to ads on TrueCar. The Bolt LT’s MSRP is typically around $ 37,000.

Meanwhile, Tesla has raised the price of its cheapest 2021 Model 3 Standard Range Plus to $ 39,990, up $ 3,000 from $ 36,990 earlier this year.

Bolt vs Model 3:

  • Price: Tesla Model 3 Standard Range Plus now costs $ 39,990 while Bolt LT has dropped to $ 26,000
  • Vary: The Model 3 Standard Range Plus has an estimated range of 263 miles. The Chevy Bolt is rated at 259 miles.
  • MPGe: Model 3 has an EPA 134 MPGe * rated handset, the Bolt 118
  • Sales in the United States: Model 3 was # 1 in electric vehicle sales in the United States in 2020, Bolt was # 3 (Model Y was # 2)

Rydell Chevrolet, one of the largest Bolt dealers in the Los Angeles area, showcases a new 2021 Bolt Premier – the most expensive version – on its website (until May 29, 2021) under $ 30,000, a discount of over $ 14,000 off the MSRP of $ 44,575.

TrueCar displays prices nearly $ 26,000 for a new 2021 Bolt LT – the cheapest trim – about $ 11,000 off MSRP.

This is unusual for a new Bolt model year, which typically doesn’t see a significant discount until the end of the model year.

Why is this happening?

Chevy Bolt:

A major model year update is planned for 2022: the existing Bolt gets a makeover and Chevy introduces the all-new Bolt EUV.

What’s different this time around is that the price of the next Bolt is much lower, with the 2022 Bolt EV starting at $ 31,995. That’s about $ 5,500 off the MSRP for the current base model. And the slightly larger 2022 Chevrolet Bolt EUV, starts at $ 33,995.

The 2022 Bolts will include features such as adaptive cruise control and GM’s Super Cruise (hands-free driving) technology, two firsts for the Bolt.

Model 3:

The Model 3’s price hikes, on the other hand, are a mystery since Tesla isn’t responding to media queries these days. And it should be noted that Tesla also lowered the price of the Model 3 and the Model Y. This happened earlier this year. Having said that, since the start of the year there has been a net increase.

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NOTES:

* MPGe: the distance traveled by a car on the equivalent of a gallon of gasoline.

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