Chevrolet Bolt EV In Canada Priced At $42,795 – Includes Fast Charging, Arrives Early 2017

12 months ago by Jay Cole 44

Chevrolet Bolt EV Priced From $ In Canada

Chevrolet Bolt EV Priced From $42,785 In Canada

The all-electric Chevrolet Bolt EV, which has been rated at an exceptional 383 km (238 miles), has also been given a fairly exceptional price-tag in Canada – $42,795 CAD (+$1,600 dst).

Chevrolet Bolt EV - Available In Canada In Early 2017

Chevrolet Bolt EV – Available In Canada In Early 2017

We say exceptional because, while Canadians typically get the short end of the stick for pricing compared to the US, the Canadian pricing is a decent savings over the $37,495 USD the Bolt EV was recently priced at in America.

With an exchange rate (at time of press) of 1.32 Canadian dollars equaling $1 USD, the Canadian pricing translates to $32,420 in the US.

Also of note, the Canadian base pricing includes DC fast charging, which is a $750 option ($990 CAD) in the US on the base model.  So one might say the Canadian price is equal to $31,670 USD – some $5,825 cheaper.

“The base LT trim comes with standard features that include, among others, Regen on Demand™ steering wheel paddle, rear vision camera, 10.2” diagonal colour touch-screen and MICHELIN™ Self-sealing tires. The top trim Premier includes all LT equipment plus additional standard features such as leather-appointed seats, front and rear heated seats, surround camera and rear camera mirror.”

In 3 Canadian provinces with rebate programs, the news is ever better (especially in Ontario), where the pricing is reduced further.

  • Ontario (details) – $12,839 rebate from the base pricing (up to $14,000 available on higher trims/options)
  • Quebec (details) – $8,000
  • British Columbia (details)- $5,000

In Ontario, when applying the $12,839 rebate, the Bolt EV should lease from around $325 ($250 USD) with little down (~48 months) – a significant result indeed.  Unfortunately, that number will double for those finding themselves in locations with no rebates available.

Update (January 2017):  Ontario has adjusted its rebate program.  Now instead of the value being capped at 30% or $14,000 – whichever is lower, the 30% cap has been removed.   Meaning of course that the entry level Chevy Bolt EV just cheaper!

With the pricing set, the Bolt EV has now become the plug-in vehicle “value” champ in Canada when accounting for its abilities, as even its sister-car, the Chevrolet Volt is priced from $38,490 CAD, while the Nissan LEAF (30 kWh – 172 km) is priced from $37,398 CAD.

“Value is a hallmark for Chevrolet and the pricing of the Bolt EV proves we’re serious about delivering the first affordable EV with plenty of range for our customers. We have kept on our promise yet again, first on range and now on price.” – Alan Batey, president of GM North America and leader of Global Chevrolet.

Pricing on the Premier trim was not announced, however the Bolt EV’s release timing was.

GM says to expect the Bolt EV in Canada in early 2017.  This date is also significant for those in the US outside of the initial “select dealership/states” roll-out, as it shows GM plans to quickly have the Bolt EV available throughout North America.

Here is a look at the two trim levels (and standard equipment) of the 2017 Chevrolet Bolt EV:

2017 Chevrolet Bolt EV Trim Details: LT, Premier (click to enlarge)

2017 Chevrolet Bolt EV Trim Details: LT, Premier (click to enlarge)

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44 responses to "Chevrolet Bolt EV In Canada Priced At $42,795 – Includes Fast Charging, Arrives Early 2017"

  1. Great! Now if I could just afford this AND the coming Model 3! Then I would not need an argument about which is better, only, who gets to drive the Bolt EV, after the Model 3 arrives!

    This is sounding much closer to the price of the Soul EV Premium model, and less than the BMW i3 ($45,309), or even the Hyundai Sonata PHEV ($43,999), but the Sonata has an EV Range if just 36 Kms, backed up by 922 Kms on Gas!

  2. Paul Latouche says:

    That’s good news for us in Canada. If it was a straight conversion from US MSRP to CAD, that would be too expensive up here.

  3. ClarksonCote says:

    I’m amazed. I wonder if someone at GM accidentally divided by 1.32 instead of multiplied by 1.32 🙂

    Seriously though, if they are selling to Canada at that price point and at a profit, that should be good news for the Bolt EV and other electrified GM products going forward.

    1. R.S says:

      The Bolt is only so “expensive” in the US, because the incentives are running out and GM can still cash in while they are available. After those run out the Bolt will see a substancial price cut.

      1. fotomoto says:

        This.

        Also, yearly BEV sales in Canada are typically measured in the hundreds so not much to see here.

        1. Jay Cole says:

          Well, that kinda was true in the past. But things have drastically changed quite a bit since the Ontario rebate started in March. Overall plug-in sales moved from ~400 a month to more than 4-digits on average – August was over 1,200 (~700 of them BEVs). Once inventory catches up to demand, it should even out around 1,500/month.

          With that said, Ontario also has the highest buy rate for GM products anywhere in North America, and as such the Volt has shot much higher of late with the new rebate, reaching 421 last month, which is 1/5th (20%) the US total for August of 2,081.

          Considering the sharp Canadian pricing on the Bolt EV, the new $14,000 rebate that makes it even more attractive (especially in a lease) and the fact Ontario is very fertile ground for GM, Canada could likely sell up to a 1/3rd of the total Bolt EV production run…provided GM has intentions to provide that type of inventory.

          It’s just a really odd/interesting set of circumstances, especially comeing from a region that (as you mentioned) was a virtual EV wasteland this time last year.

  4. ClarksonCote says:

    Am I missing it, or does the Bolt EV have no navigation option? Are they just relying on Android Auto/Apple Carplay at this point?

    1. Mike I. says:

      It looks like you’re right. There does not appear to be any native navigation capability. An inactive and inexpensive Android phone would probably be the best solution if you don’t have an active smartphone. You could tether it to the car’s hotspot. The data service is $10/mo for 1GB/mo after the 3 month free trial. You can also add it to your AT&T data share plan for $10/mo.

      1. Andre says:

        Yes it has navigation. You either use the Apple Auto or the Android auto which are both built in.

  5. Eco says:

    Bolt EV for C$42,795 is almost compelling enough to not wait for the Model 3 … maybe if Alberta had a rebate? But no (sigh) hell hasn’t frozen over yet!

  6. Delta says:

    This is a crazy good deal in Ontario with our generous EV rebate (14k rebate). I don’t know why GM would make such a sweet deal for Canadians.

    GM has made the price point and Ontario has the best rebate. So this will be the real beginning of the EV revolution. I guess my model 3 reservation is in jeopardy. I will wait till next Model 3 announcement.

    Elon said he wanted to spark competition. Well he got what he asked for.

    1. Jay Cole says:

      This pricing is indeed significant in relation to Tesla’s future pricing.

      For Tesla in Canada, they are very currency sensitive and the price is always changing to gain parity. With the premium at the moment put at 30% by Tesla…so the Model S 60 kWh is 86,000 (+1300 dst) in Canada, while its $66,000 (+1200 dst) in the US.

      Meaning that the Model 3, if priced eventually at $35,000 in the US, would like retail from $45,500 in Canada. As we know via Elon Musk, the first run of Model 3s will be in higher trim form, so perhaps a price of $45,000-$50,000. In Canada this would translate to a price of $60,000+. As always, the debate now is how long before the base $35k Model 3 arrives?

      The Ontario rebate is calculated as being no more than 30% of the MSRP, and maxes out at $14,000 ($46,667). Of note: The $14,000 rebate is lowered to just $3,000 if the car’s MSRP is between $75,000 and $150,000. And drops to $0 over $150k.

      So any pricing above $46,667 translates into a un-rebated amount. Inside a lease, which is how most EVs are sold in Canada, that is a significant factor. A Bolt at $42,792 will likely lease around $325 month (rebate factored in), whereas a $69,000 EV (~60% more) would lease north of $700 as a result.

      1. Cdne90 says:

        +1

        This is exactly what I’m fearing. Although I really want the performance of the Tesla 3, as an Ontario resident I can only get the EV rebate if the price stays below $46k. The Bolt fits that pricing mold (perhaps on purpose) but not the performance.

        I still have 1 year to go on my Fusion Energi lease, so I have time to see if Elon and his gang can send some lower trim Model 3s to Ontario to appease this price ceiling.

        1. adamryb says:

          Are you sure about not getting a rebate on the Model 3?

          The way the Ontario program is currently structured is that you receive $10,000 for a 16kWh battery vehicle, up to $3,000 additional if the battery is larger than 16kWh, and an extra $1,000 for having a fifth seat. The rebate is max 30% of the vehicle price up to $46,667CAD. Anything between $46,667 to $75,000CAD though, I thought that you would still receive the $14,000 rebate, it’s just no longer a 30% rebate at that point. And over $75K, the rebate drops to $3000. So there should certainly still be a rebate for the Model 3 provided you’re not hitting that $75K CAD threshold (which likely means no ‘Performance’ or ‘Ludicrous’ options).

          1. Jay Cole says:

            Yes, that is exactly right. Maybe I wasn’t clear enough earlier (apologies to Cdne90 if that was the case), 30% off up to $46,667 – which obviously makes up the “sweet spot” for leasing. Then any balance between $46,667 and $75,000 is at par.

            1. Cdne90 says:

              Yes, I was confused. I went back and checked the Ontario EV Rebate website and it is $75k max, not $46k max. Thanks for clarifying, although it doesn’t make my decision (Bolt or Tesla) any easier.

              adamryb, how do you know that the performance versions are going to top $75k? Or is this assuming that a BMW M3 (a likely competitor to the Tesla) currently starts at CDN$75k?

              1. adamryb says:

                $75K+ is pure speculation on my point. Elon mentioned a typically optioned model would go for $42K USD, or $55K CAD at current exchange rates. I figure that would be for perhaps a larger battery, Autopilot, and some other options, but not a Performance model or Ludicrous. Add another $10K CAD for Performance spec (currently a $29,700CAD option on the Model S), and yet another $10K CAD for Ludicrous, and I could see a top spec Model 3 for around $75K.

                I agree with you though, it’s definitely not an easy decision to choose between both vehicles, although the fact that the Bolt does not have adaptive cruise control is a huge disappointment for me personally. ACC is a key feature I am looking for in my next vehicle, and with so many ICE vehicles offering it, it seems just plain silly that it’s not included with the 2017 Bolt. I have a feeling it has to do with the introduction of an Autopilot competitor coming out of the GM/Cruise Automation R&D labs in a 2018 or later model year, so GM decided not to go with some half measure in 2017, but disappointing nonetheless.

      2. David S. says:

        I highly doubt we’ll see a Bolt lease under 400$/month in Canada. Even that is less than you’ll pay to lease a base LEAF (10 000$ lower MSRP than the Bolt)

        1. Jay Cole says:

          Not Canada wide, just in Ontario as the article points out. In provinces with no rebate program you are looking at over $600 (more like $450ish in Quebec, $500+ in BC).

          With the new (and much improved) rebate system this year in Ontario paying 30% of the MSRP (up to MSRP of $46,667), you are effectively halving the lease rate with the residual set at ~40%. So your lease cap to be financed would normally be around 29,000 in Canada (including 13% tax, ~500-705 discount), whereas in Ontario that number is reduced by almost $13,000 (the old system maxed at $8,500), meaning your cap is reduced to $16,000 or low 300s/month.

          As an example of the new rebate in action, Nissan is advertising base LEAFs (MSRP $32,698) for $199/month currently in Ontario as a starting point, combined with other offers/local dealer incentive you can easily get that down to ~$160.

          Particularly in Ontario, the landscape for both EV pricing and eligible rebates has drastically changed over the past year.

          1. QCO says:

            Only remaining question is whether Premier with options goes over the $46k limit. If it does, presumably there will be few Premiers sold in Canada.

            1. Jay Cole says:

              Given the $4,285 USD ($5,650 CAD) premium in America between trims ($36,620 vs $40,905 before $875 dst), its practically a given that it will. Probably looking around something like $47,995 – $48,495.

              That said (and no disrespect to Canadians), hardly anyone is smart enough to figure out (or will care) that the rebate maxes at $46,667, and they lost out on $400 to $600 bucks. That kind of loss only adds (relatively speaking to the LT) an extra $8-$12/month in payments.

              Its when it starts going over the max by several thousand that it starts to hurt those payments/pricing vs petrol options. Basically, it is the same issue as was present before in Ontario with the older $8,500 rebate…but then the “max” before the math started to breakdown was at $28,333.

              Although conversely, because the old system in Ontario was based on having 16 kWh to get the full $8,500 rebate, occasionally (if you were looking for it) you could get a smart ED when Daimler put them on sale for $4k off for essentially nothing inside a lease.

              Ontario’s new 30%/up to 14k system works well to ensure all EVs under $46,667 get an even incentive – no one gets the shaft, and no one is giving out “free” EVs because they offer a cheap product.

              It probably would be a good system to emulate when the US credit system goes under the knife (most likely) in 2017…we have seen similar issues occasionally pop up in the US in California, and a couple other states (famous example being Georgia in the past) when low cost EVs go on sale. Given EV pricing continues to fall, it will only get worse. Eventually an OEM will advertise “free car” and that will force the DoE’s hand into modifying the program if it hasn’t already done so.

              1. QCO says:

                Interesting point about low cost EVs…. Seems like a quite progressive approach.

      3. Trevor Page says:

        You’ll be happy to know that the MSRP cap has now been removed in Ontario and the max amount has been lifted to $150K. Model 3 in any config will now qualify for he full rebate!

        1. Jay Cole says:

          I’ve used the new system myself! Guess we should update this page to reflect the new changes (no % cap/change of limits) that just came into effect. Will do that now, thanks!

    2. Daniel says:

      As any other automaker here in Canada except for Tesla you get a better price now because of the exchange rate. But historically is the other way around.

      They would not sell a single Bolt if they take the current exchange rate, that would be crazy expensive.

  7. Neromanceres says:

    This is even better than I expected. I’ve very excited now.

    GM has always leveraged its operations in Canada to keep pricing fairly stable. So when the dollar is up we get the shaft but when the dollar is down (like it is now) we get the benefit.

  8. SparkEV says:

    Pricing is like SparkEV where US was MSRP $26K USD, but $24K USD in Canada. What is this, socialism where wealthier US residents support those poor Canucks? 😉

    If it indeed leases for $250/mo with little down, they might have hard time keeping up with the demand. Related, that might kill all other EV sales if they can keep Bolt in stock.

    1. Djoni says:

      Currency rate goes both ways.
      Many GM car or part that are made in Canada and sold in the USA do benefit the company.
      So they can play the game much more extensively than one sais manufacturer that only produce in the USA (related with CND)

      It’s great news thought, even if I don’t live in Ontario.

  9. John says:

    Anyone know if I can buy in Canada for use here in the U.S., or does the federal tax credit require purchase within the U.S.?

    My brother lives 3 miles from the Canadian border. 🙂

    1. DavidL says:

      I’m not sure about buying an EV in Canada and trying to get a rebate in the US – but within Canada, to get the rebate you must register and get plates (insurance) within the province of purchase to be eligible for the rebate. I imagine that within the US it’s the same …

      1. Feanor says:

        If I understand this correctly, EVen if I live here in Winnipeg, I can buy the Bolt in Kenora, Ontario have it registered and insured there and avail of the $12,500 rebate? Can I do this? Anyone?

    2. Andrew D says:

      I live close to the border on the Canadian side. Over the decades, I’ve known Americans who came up to buy cars here to bring them home when price was advantageous for a few years. Then it flipped for a few years, Canadians going down south to buy cars and bring them up. This goes in cycles.

      To get the rebate, I think people use a friend/relative on the other side, have them register the vehicle in their name, and then transfer ownership after an appropriate amount of time.

      1. DJ says:

        Ya, I know this is possible for cars in general but I don’t know how the rebate works. At this price IF you could get the rebate it would be worth it to buy in Canada and then bring it down south.

        That is a big IF though…

  10. Terawatt says:

    This makes me hope for aggressive pricing of the Opel Ampera-e as well. And an early 2017 launch date.

    I’ll keep my Leaf and my Model 3 reservation unless my needs change (I’m a consultant, so I never know where I’m going to work), but I have to say if the pricing in Europe proves equally aggressive I’m not sure a lot of people will.

    Pity it can’t tow. That is another big advantage for M3.

  11. wavelet says:

    Editorial request:
    In articles like this which discuss comparative prices in two countries both of whose currencies are called “dollar”, _please_ prefix the the $-sign in all amounts with the letters identifying the relevant country, e.g., “US$1000”, “CDN$1000”, “AU$1000” etc.

    Otherwise, it gets very confusing (-:
    I had to re-read most of the article & comments several times to be sure I understood the details (and “price in Canada is $45000” is still confusing — it could mean US$45000 or CDN$45000).

  12. wavelet says:

    … And I completely forgot:
    Good news for Canadians (eevn those interested in other EVs), now let’s see how the demand shapes up !

  13. Yogurt says:

    Does that mean GM is making at least US $5,825 in profits from every Bolt in not a couple thousand more??

    Which would mean EVs can be very profitable??

    1. lewl says:

      It likely means GM will be keeping this price for the life of the vehicle, hoping exchange rate improves and they can make the money back in the future.
      i.e. it’s a discount now, but as exchange rate improves the other way, they would not reduce the CAD price, and make their money back.

      Or they’re just doing it for cred and to dominate the market vs Tesla, who cannot afford to sell a large amount at a loss in order to compete.

  14. BraveLilToaster says:

    Nice. Out here on the Wet Coast, that comes out to $37,495 after the Provincial rebate. Not quite as awesome as the price we paid for our 2012 Leaf back in 2013 at the year-end sale rate of $27,495, but hey, still not bad!

  15. pk says:

    Hmm, If I can really get a $325/month lease, I’m in. I’ll trade in my ICE and when my Leaf lease is up, it will be time for model 3.

  16. ModernMarvelFan says:

    Those Canadians… =)

    They got a great deal again!

  17. Mark says:

    Why wouldn’t they include freight in Canada as well? Then on base trim ppl in ontario would save an extra $480 as they would get 30% off the $1600 freight.

  18. RC says:

    You have underestimated how crappy the lease deals are on EVs in Ontario. For the Volt Premier ($42,500 – similar to the price you listed for the Bolt) a 48 month lease is $495 without tax AFTER the full Ontario rebate of $11,280 ($560 taxes included). Go to the Chevrolet.ca and do the build and price to see for yourself. It is the reason I bought instead of leasing.

    And where do you see the base Leaf for $199/month? On Nissan.ca it is $199 SEMI-monthly ($399/month or $450 with tax). The Leaf SL which is $40,550 (closer to the Bolt but still a little less) leases for $465/month or $530 with tax. Again, these are the prices AFTER rebate.

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