With the current Chevy Bolt EVs being phased out at the end of the year, dealers are marking up the models by as much as $5,000. The dealer markups have been happening all year, but with production ending soon, how will GM handle the transition?
A quick search online shows that the markups are happening at many Chevy dealerships. In fact, dealers have been marking up Chevy Bolt EVs for at least a year now, according to posts on social media.
The markups are making one of America’s most affordable EVs that much more expensive. At Koons Tysons Chevy Buick GMC in Virginia, all Chevy Bolt EVs, including the EUV, are marked up by $5,000.
Online research firm CarsDirect contacted the Virginia-based dealership to see what the markups were all about.
A salesperson told them the dealership has one of the “largest inventories in the region,” and the markups were due to market demand.
The dealership has a 2023 Chevy Bolt EUV LT listed for $36,880. That’s $5,000 over its MSRP of $31,880.
2023 Chevy Bolt EUV for sale (Koons Tysons Chevy Buick GMC)
Chevy’s website lists the Bolt EV (1 LT) with a starting price of $27,495, while the Bolt EUV (LT) has an MSRP of $29,290.
Although both models qualify for the $7,500 EV tax credit, dealer markups are nearly wiping out the incentive.
2023 Chevy Bolt EV (Source: GM)
Meanwhile, many automakers have moved in the opposite direction on pricing to spark demand. Ford introduced new incentives for up to $13,000 off the Mustang Mach-E after introducing a significant discount on the F-150 Lightning earlier this month.
Hyundai followed Tesla’s lead in cutting lease prices on its IONIQ 5 and IONIQ 6, offering some of the best rates on the EVs since launching.
Electrek’s Take
GM revealed Tuesday that it was delaying production of the Equinox, Silverado EV RST, and GMC Sierra EVs to protect pricing and boost profitability.
Meanwhile, the company already announced its plans to end production of the current-generation Chevy Bolt EV and EUV at the end of the year.
Although an Ultium-based Bolt EV is confirmed, GM has yet to share a launch date. On the company’s earnings call, GM’s CEO Mary Barra said that the next-gen Bolt would be the first model to feature LFP batteries in North America. Barra explained that engineering improvements and “a significantly cost-improved battery pack using purchased LFP cells” will enable lower prices.
But, again, there’s no word on when it will hit the market. With production of the current Bolt EV ending in a few months and the $30,000 Equinox EV delayed, what affordable EVs will GM offer?
The automaker continues promoting “EVs for everyone” but raises the 2024 Blazer EV starting price from an expected $45,000 to $56,715.
With the Equinox EV being pushed back, GM is leaving itself vulnerable. The automaker is essentially abandoning its largest EV market in affordable EVs until we hear more about when (and if) the $30,000 Equinox EV will roll out.
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Today was the official start of racing at the Electrek Formula Sun Grand Prix 2025! There was a tremendous energy (and heat) on the ground at NCM Motorsports Park as nearly a dozen teams took to the track. Currently, as of writing, Stanford is ranked #1 in the SOV (Single-Occupant Vehicle) class with 68 registered laps. However, the fastest lap so far belongs to UC Berkeley, which clocked a 4:45 on the 3.15-mile track. That’s an average speed of just under 40 mph on nothing but solar energy. Not bad!
In the MOV (Multi-Occupant Vehicle) class, Polytechnique Montréal is narrowly ahead of Appalachian State by just 4 laps. At last year’s formula sun race, Polytechnique Montréal took first place overall in this class, and the team hopes to repeat that success. It’s still too early for prediction though, and anything can happen between now and the final day of racing on Saturday.
Congrats to the teams that made it on track today. We look forward to seeing even more out there tomorrow. In the meantime, here are some shots from today via the event’s wonderful photographer Cora Kennedy.
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The numbers are in and they are all bad for Tesla fans – the company sold just 5,000 Cybertruck models in Q4 of 2025, and built some 30% more “other” vehicles than it delivered. It just gets worse and worse, on today’s tension-building episode of Quick Charge!
We’ve also got day 1 coverage of the 2025 Electrek Formula Sun Grand Prix, reports that the Tesla Optimus program is in chaos after its chief engineer jumps ship, and a look ahead at the fresh new Hyundai IONIQ 2 set to bow early next year, thanks to some battery specs from the Kia EV2.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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Tesla has launched its new Oasis Supercharger, the long-promised EV charging station of the future, with a solar farm and off-grid batteries.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to the Supercharger stations, and CEO Elon Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
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All of these pieces have been in place for years, and Tesla has now discontinued the Powerpack in favor of the Megapack. The Supercharger network is also transitioning to V4 stations.
Yet, solar and battery deployment haven’t accelerated much in the decade since Musk made that comment, but it is finally happening.
Tesla has now unveiled the project and turned on most of the Supercharger stalls:
The project consists of 168 chargers, with half of them currently operational, making it one of the largest Supercharger stations in the world. However, that’s not even the most notable aspect of it.
The station is equipped with 11 MW of ground-mounted solar panels and canopies, spanning 30 acres of land, and 10 Tesla Megapacks with a total energy storage capacity of 39 MWh.
It can be operated off-grid, which is the case right now, according to Tesla.
With off-grid operations, Tesla was about to bring 84 stalls online just in time for the Fourth of July travel weekend. The rest of the stalls and a lounge are going to open later this year.
Electrek’s Take
This is awesome. A bit late, but awesome. This is what charging stations should be like: fully powered by renewable energy.
Unfortunately, it will be much harder to open those stations in the future due to legislation that Trump and the Republican Party have just passed, which removes incentives for solar and energy storage, adds taxes on them, and removes incentives to build batteries – all things that have helped Tesla considerably over the last few years.
The US is likely going to have a few tough years for EV adoption and renewable energy deployment.
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