GM Unveils Chevrolet Bolt EV Priced At $29K After Tesla's Budget Model Reveal

Badar Shaikh

October 09, 2025

General Motors Co. (NYSE:GM) has revealed it's most affordable electric vehicle, the Chevrolet Bolt EV, which offers a new battery and a $29k price tag.

Check out the current price of GM here.

A Familiar Design, Better Technology

The automaker revealed the new Bolt EV on Wednesday, showcasing a similar design to the outgoing model, with only minor cosmetic updates to the front and the rear.

However, the vehicle features significantly faster charging, with 150kW capacity and NACS port support. The EV also offers a 255-mile range and V2L (Vehicle To Load) charging at 9.6kW.

Perhaps the biggest update is the new 65 kWh LFP battery supplied by Chinese battery giant Contemporary Amperex Technologies Ltd. (CATL), which will supply the automaker with batteries until 2027.

Chevrolet offers the Bolt EV in three trim levels, the base LT retails for $28,995. The LT Comfort trim is priced at $29,990 while the range-topping RS Trim is available for $32,000.

GM Backtracks EV Credit

The news comes as GM has reportedly backtracked on offering its planned incentives on EVs beyond the September 30 deadline after Sen. Bernie Moreno (R-OH) expressed concern about the incentives.

Ford Motor Co. (NYSE:F) is also offering the incentive, along with multiple other major U.S. automakers, but it remains unclear whether Ford is also considering pulling the plug on the incentive extension at this moment.

Tesla's Affordable Trims Invite Criticism

Tesla Inc. (NASDAQ:TSLA) also announced new affordable trim levels for the EV giant's Model Y and Model 3 in the U.S. The affordable models, however, have invited criticism from various experts, including Gerber Kawasaki's Ross Gerber and Future Fund LLC's Gary Black, who predicted it wouldn't increase sales figures.

Meanwhile, Tesla bull and Wedbush Securities' investor Dan Ives reiterated his optimism with Tesla, but expressed disappointment over the company's pricing strategy with the affordable trims, deeming it to be too close to the already available variants.

GM offers good Momentum and Value and scores satisfactorily on the Quality and Growth metrics. GM also offers a favorable price trend in the Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read Next:

Ford Employees Face Possible Firing For Not Returning To Office As CEO Jim Farley Laments Technician Shortages: Report

Photo courtesy: Jonathan Weiss / Shutterstock.com

Recommended

Claim Your Share of $5.39 Billion in AI Equity Checks - Ad

Is Elon's Empire Crumbling? - Ad

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

In the wake of the ongoing government shutdown entering its third week, recent polls indicate a decline in President Trump's approval ratings.

Cathie Wood Dumps $5.2 Million Worth of This AI Stock, Here's What Ark Bought Instead

Ark Invest decided to sell shares of Tempus AI (TEM), despite positive news of FDA clearance for its diagnostic device. They also made other key trades.

October 16: D-Day For The Dollar

October 16: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on October 16. Investors who make the right moves before then could make up to 40X by 2032...

Jeff Bezos Was Once Told By An Amazon Executive That He Had Enough Ideas To 'Destroy' The Company: Here's How He Reacted

Jeff Bezos says the best decision he made was to hire people smarter than him and treat them like tutors to temper his ideas and avoid chaos.

Trump moves toward deal to give US an equity stake in company developing Nevada lithium mine

WASHINGTON (AP) — The White House is moving forward with a deal that would allow the U.S. government to take a small equity stake in a Canadian company that is developing one of the world's in northern Nevada, an official said.

Texas Royalty Plan: 28 Straight Years of Payment Increases

Texas Royalty Plan: 28 Straight Years of Payment Increases - Ad

The Texas Royalty Plan makes payments directly from the oil and gas industry... Available to all Americans. Not just Texas residents.

Here's How Much $1000 Invested In Union Pacific 20 Years Ago Would Be Worth Today

Union Pacific (NYSE: UNP) has outperformed the market over the past 20 years by 4.88% on an annualized basis producing an average annual return of 13.7%. Currently, Union Pacific has a market capitalization of $138.27 billion.

Billionaire Makes $72 Million On Trilogy Metals Stock—Here's What Else He's Holding

Billionaire hedge fund manager John Paulson has scored extraordinary gains with Trilogy Metals—he's also holding gold miners.

Nvidia CEO Makes First Ever Tesla Announcement

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Micron, Bigbear.Ai, Lithium Americas, Virgin Galactic And Amazon: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500 fell 0.55% to 6,656.92, the Nasdaq declined 0.95% to 22,573.47.

Jim Cramer Says 'No' To Ambarella, But Gilat Satellite Is Still A 'Buy'

On CNBC's "Mad Money Lightning Round," Jim Cramer discusses Rivian, Energy Fuels, Gilat Satellite, Ambarella and AST SpaceMobile.

Nvidia Is About to Shock the World: October 23rd

Nvidia Is About to Shock the World: October 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: October 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Robinhood's Prediction-Market Revenue Running Above $200 Million Annualized In September

Robinhood's event-contracts surge — fueled by record Kalshi volumes on NFL/NCAAF — has September revenue pacing above $200M annualized rate.

Macron says a tanker off France is linked to Russia's shadow oil fleet

PARIS (AP) — French President Emmanuel Macron said Wednesday that an oil tanker off the French coast had committed “very serious wrongdoings” and linked it to , which is avoiding Western sanctions over Moscow's war in Ukraine.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Greece's tax revolution harnesses big data and drones to shake off a legacy of crisis

ATHENS, Greece (AP) — With a pristine white exterior, the tax authority's new headquarters looks out of place on a clogged industrial artery outside Athens. A former shopping mall and ice rink, the building has been overhauled into an ultramodern digital center that has led the .

A drug made from marijuana reduced back pain in a large study

WASHINGTON (AP) — An experimental medication made from successfully reduced back pain in a new study, offering further support for the drug’s potential in treating one of the most common forms of .

The "Mar-A-Lago Accord" Is Now Underway

The "Mar-A-Lago Accord" Is Now Underway - Ad

The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)

How To Earn $500 A Month From Steelcase Stock Ahead Of Q2 Earnings

Steelcase offers an annual dividend yield of 2.37% (40 cents a year). How can investors pocket a regular $500 monthly?

NIO Stock Soars Past 52-Week High After Record Deliveries

NIO stock rises on strong September and Q3 deliveries, reaching record numbers and surpassing 52-week high.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

European countries meet to discuss a 'drone wall' as airspace violations mount

BRUSSELS (AP) — Representatives from European countries with borders close to Russia and Ukraine are holding talks on Friday about building a to plug gaps in their defenses following several airspace violations.

Elizabeth Warren Says Trump Is 'Plotting' To Reduce Social Security Benefits For Older Americans: 'We Must Call It Out And Stop These Cuts'

Sen. Warren accuses Trump of planning to cut Social Security benefits for older Americans, citing a report and ongoing debate. Trump denies it.

Claim Your Share of $5.39 Billion in AI Equity Checks

Claim Your Share of $5.39 Billion in AI Equity Checks - Ad

Virtually every AI model is built off stolen data...so it's only fair that you deserve some kind of compensation...And the U.S. government seems to agree. Which is why you could now receive as much as $3,452.50 per month on average from "AI Equity Checks."

Tesla Model Y Fails Teen's Road Test — Marked 'Out of Order' Mid-Exam

Using a Tesla Model Y for a driver's training test may be a bad idea, with another example of a failure due to advanced vehicle features.

12 Health Care Stocks Moving In Monday's Intraday Session

Gainers cbdMD (AMEX:YCBD) shares rose 116.3% to $1.35 during Monday's regular session. The company's market cap stands at $5.5 million. Zura Bio (NASDAQ: ZURA) stock moved upwards by 42.94% to $3.44. The company's market cap stands at $156.6 million.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

A hungrier, poorer and more anxious Iran awaits 'snapback' of UN sanctions over its nuclear program

DUBAI, United Arab Emirates (AP) — As Iran's ailing economy braced Saturday for over its nuclear program, it is ordinary people who increasingly find themselves priced out of the food they need to survive and worried about their futures.

Jimmy Fallon Plans To 'Hit Both Sides Equally' In Political Coverage: How Kimmel's Suspension Changed Things

Jimmy Fallon says he's mostly avoiding political jokes. This decision could keep him out of controversy and keep fans watching some of the biggest musical acts in October.

Why Are Wall Street Insiders Moving Their Money to This One Asset?

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Why Is Boeing Stock Falling Today?

Boeing slips as Turkish Airlines threatens shifting 150 737 MAX order to Airbus over engine costs, overshadowing a new U.S. Air Force helicopter deal.

Hungary's Orbán tells Trump that dropping Russian energy would bring economy 'to its knees'

BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orbán said Friday that Hungary will continue to source fossil fuels from Russia despite demands from his ally U.S. President Donald Trump, and that he'd informed the president that dropping Russian energy would be a “disaster” for Hungary's economy.

October 16: D-Day For The Dollar

October 16: D-Day For The Dollar - Ad

Nanobiotix-J&J Therapy Shows Promise In Tough Head And Neck Cancer

Nanobiotix reported updated Phase 1 trial data for JNJ-1900 in head and neck cancer, showing strong disease control and survival outcomes.

OpenAI's $850 Billion Build-Out Needs Power Of 17 Nuclear Plants — Or 9 Hoover Dams

OpenAI has plans for an enormous $850 billion expansion, constructing data centers that will require as much energy as 17 nuclear facilities to fulfill the explosive demand for AI tools.

Texas Royalty Plan: 28 Straight Years of Payment Increases

Texas Royalty Plan: 28 Straight Years of Payment Increases - Ad

The Texas Royalty Plan makes payments directly from the oil and gas industry... Available to all Americans. Not just Texas residents.

Unlocking Q-Day: What A Quantum Catastrophe Really Means

Imagine waking up to a world where every bank account, personal message and classified government file is suddenly unprotected and laid open.

Trump Says 'There'll Be Others' After Comey Indictment, Slams 'Corrupt Radical Left Democrats'

On Friday, President Donald Trump stated that he anticipates more individuals will be charged, following the Justice Department’s indictment of former FBI Director James Comey the day before.

Nvidia CEO Makes First Ever Tesla Announcement

Nvidia CEO Makes First Ever Tesla Announcement - Ad

Trump pulls nomination of E.J. Antoni to lead Bureau of Labor Statistics, AP source says

WASHINGTON (AP) — The White House is to lead the Bureau of Labor Statistics, according to an AP source who spoke on the condition of anonymity to discuss the White House action, which hasn’t been publicly announced.

Trending Now