While the average sale price of a new vehicle – gasoline or electric – hovers around $48,000, automakers like General Motors, Ford, Hyundai, Kia and Volkswagen have all introduced a variety of electric vehicles that come in significantly below that figure. Plus, there are ways for car shoppers to take advantage of tax credits on electric vehicles without having to worry about arcane rules around battery sourcing and limits on the buyer’s personal income.
Because the Bolt is made in America, and so are its batteries, buyers can get a $7,500 credit regardless of whether they buy or lease. With a starting price of just $26,500 before the credit, the Bolt EV is relatively cheap for any sort of new vehicle, electric or not. For a total price that could come in under $20,000, you get an EV that’s practical and, belying its techno-dorky appearance, even kind of fun to drive.
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