The Chevy Bolt is about to be a screaming deal – at least until March
The Chevy Bolt is already a great enough deal to get our Electrek Vehicle of the Year award, but after the US Treasury delayed its guidance on battery sourcing requirements, that deal might be even better – but only for the next couple of months.
At $25,600 MSRP for a base model Chevy Bolt, it’s already well below the average transaction price for a new car in the US. Better yet, due to the Inflation Reduction Act, the car will once again qualify for federal EV tax credits starting January 1. GM had previously hit the tax credit threshold back in 2019, so its cars haven’t qualified for tax credits for a few years.
To qualify for the new credit, cars need to be assembled in North America (see a list here). But that’s not all – cars also need to have their battery components manufactured or assembled in the US, and have their critical battery minerals sourced from the US or from countries with which the US has a free trade agreement. If the battery only fits one of those two battery requirements, it only qualifies for half of the credit.
Previously, GM has stated that once these requirements phase in, the Bolt would likely qualify for $3,750 in credits from the government.
And those requirements were set to phase in by the end of the year, when the Treasury department issues full guidance on how those rules will work.
But yesterday, the Treasury announced that they’ll need a little more time to prepare specific rules around these battery sourcing requirements, and that they’ll be ready “sometime in March.” This may give some cars a “brief window of eligibility” for the full credit that they wouldn’t get otherwise.
However, other provisions of the Inflation Reduction Act still go into effect on January 1. Namely, the lifting of the per-manufacturer cap on credits. This is what formerly had disqualified Tesla and GM from getting credits since those two companies had hit the cap, but starting January their credits will be refreshed.
What this means is that between January 1 and “sometime in March,” the Chevy Bolt may qualify for an additional $3,750 in credits that it won’t qualify for after March. Giving it access to the full $7,500 in tax credits.
While this is true for some other vehicles as well (Tesla Model Y and low-optioned Model 3s), the Bolt occupies the unique space of being the lowest-priced EV out there, and going from zero credit availability to full $7,500 credit availability on January 1, and being well below new price caps (starting January 1, cars over $55K and SUVs/trucks over $80K MSRP don’t qualify), and potentially losing half of that credit after March (though that depends on the details of the Treasury’s guidance).
This means that a base model Bolt, assuming it can be purchased at MSRP, and assuming the buyer can take full advantage of the tax credit, could be had for the price of $18,100 – or even less, if you take into account state and local incentives. Potentially, this could be the cheapest new car in America for the right buyer.
Bonus: There are also almost $4000 worth of stackable deals that may or not be phasing out on January 3rd including:
Even if you just parked this thing in your garage with an EVextend V2L adapter and a cheap inverter, the 65kWh battery pack can provide more backup power than 4 Tesla Powerwalls (4×14.4kWh, $33,000).
There are a lot of assumptions there, especially at a time where it’s hard to find any car for MSRP, but even at full price a Bolt is still a good deal. We genuinely love the car, and not just because it’s cheap, but because it’s a well-made EV with a 5-star-safety-rating, premium features like Wireless CarPlay/Android Auto – though of course we would like it more if it had faster DC charge speed.
Nevertheless, it looks like the Bolt is about to be even more of a screaming deal, but potentially only for a few months until the Treasury gets its guidance out. So if you’ve been thinking about getting an EV, reach out to your local dealers and see if you can find a Bolt at near MSRP. You just might end up with the best deal on the road. And regardless, always consult a tax professional first, to make sure that you’ll qualify for these credits.
If you’d like, you can use our links to contact your local dealers about the 2023 Chevy Bolt EV or 2023 Chevy Bolt EUV, and see if they have any in stock for delivery before “sometime in March.”
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Lucid’s electric minivan can outsprint the Chevy Corvette Z06, and it has more interior space than a Ford Explorer. Is the Lucid Gravity really the “ultimate uncompromising SUV?”
Lucid Gravity SUV is faster than a Corvette Z06
Lucid’s electric SUV is impressive inside and out. The Gravity provides up to 450 miles of driving range, ultra-fast charging (200 miles in under 11 mins), and it even offers up to 120 cubic feet of cargo space. That’s more than the Ford Explorer (87.8 cu ft).
It’s also faster than most sports cars. The Grand Touring trim has up to 845 hp, good for a 0 to 60 mph sprint in just 3.4 seconds, but the Dream Edition takes it to another level.
Powered by dual electric motors, the Lucid Gravity Dream Edition boasts 1,070 hp. To see how Lucid’s minivan stacks up against the competition, Car and Driver nabbed one for testing.
On the test track, the Lucid’s minivan covered a quarter-mile in just 10.6 secs, beating a Chevrolet Corvette Z06 to 150 mph by nearly three seconds.
According to Car and Driver, the Gravity didn’t just impress in the quarter-mile, “it was a beast in every acceleration metric.” Lucid’s SUV hit 30 mph in 1.4 seconds, 70 mph in 3.7 secs, and topped 100 mph in just 5.9 seconds.
Dave Vanderwerp, the testing director who took the Gravity for a spin, said the electric SUV “gets a sort of second wave of thrust starting around 60 mph.”
With a quarter-mile of just 10.6 secs, Lucid’s Gravity is the fastest SUV they have ever tested, beating out the Rivian Tri-Motor Max (11.1 secs), BMW iX M60 (11.5 secs), and Mercedes-AMG EQE53 SUV.
Although the Rivian’s 850 hp R1S Tri-Motor beat the Gravity to 60 mph, Lucid’s SUV sprinted ahead in the quarter-mile, traveling nearly 20 mph faster.
It was also faster than gas-powered super SUVs, including the Lamborghini Urus Performante (11.2 secs) and Porsche Cayenne Turbo GT (11.2 secs). However, they have yet to test a Tesla Model X Plaid, so that could change the game.
In what it called the “1,000 hp mom missiles” drag race, Hagerty recently pitted the Gravity Dream Edition against the Audi RS Q8 Performance, Range Rover Sport SV, Porsche Macan Turbo Electric, Rivian R1S Quad, and Porsche Panamera Turbo S E-Hybrid.
The result was a three-way tie between Lucid’s Gravity, the Porsche Panamera Turbo, and Rivian R1S Quad hitting the quarter-mile in 10.5 seconds.
The Lucid Gravity is available to order starting at $94,900 in the US. Later this year, Lucid is launching the lower-priced Touring trim, priced from $79,900.
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Solar provided over 11% of total US electrical generation in May, while wind + solar produced over one-fifth, and the mix of all renewable energy sources generated nearly 30%, according to data just released by the US Energy Information Administration (EIA).
Solar continues to set new records
Solar continues to be the fastest-growing source of US electricity, according to EIA’s latest “Electric Power Monthly” report (with data through May 31, 2025), which the SUN DAY Campaign reviewed.
In May alone, electrical generation by utility-scale solar (>1-megawatt (MW)) increased by 33.3% year-over-year, while “estimated” small-scale (e.g., rooftop) solar PV increased by 8.9%. Combined, they grew by 26.4% and provided over 11% of US electrical output during the month.
For the first time ever, the mix of utility-scale and small-scale solar produced more electricity than wind: solar – 38,965 gigawatt-hours (GWh); wind – 36,907-GWh.
Moreover, utility-scale solar thermal and photovoltaic expanded by 39.8% while that from small-scale systems rose by 10.7% during the first five months of 2025 compared to the same period in 2024. The combination of utility-scale and small-scale solar increased by 31.1% and was nearly 8.4% of total US electrical generation for January to May – up from 6.6% a year earlier.
Solar-generated electricity easily surpassed the output of US hydropower plants (6.1%). Solar now produces more electricity than hydropower, biomass, and geothermal combined.
Wind is also on the rise in 2025
Wind produced 12.2% of US electricity in the first five months of 2025. Its output was 3.9% greater than the year before, almost double that produced by hydropower.
During the first five months of 2025, electrical generation by wind + utility-scale and small-scale solar provided 20.5% of the US total, up from 18.7% during the first five months of 2024. Solar + wind accounted for nearly 21.5% of US electrical output in May alone.
During the first five months of this year, wind and solar provided 26.2% more electricity than coal, and 15.4% more than US nuclear power plants. In May alone, the disparity increased further when solar + wind outproduced coal and nuclear power by 55.7% and 22.1%, respectively.
All renewables produced almost 30% in May
The mix of all renewables – wind, solar, hydropower, biomass, geothermal – produced 9.7% more electricity in January to May than they did a year ago (7.6% more in May alone) and provided 28.1% of total US electricity production compared to 26.5% 12 months earlier.
Electrical generation by all renewables in May alone provided 29.7% of total US electrical generation. Renewables’ share of electrical generation is now second only to that of natural gas, whose electrical output actually dropped by 5.9% during the month.
“Solar and wind continue to grow, set new records, and outproduce both coal and nuclear power,” said Ken Bossong, the SUN DAY Campaign’s executive director. “Consequently, the ongoing Republican assault against renewables is not only misguided and illogical but also a good example of shooting oneself in the foot.”
Read more: FERC: Solar + wind made up 96% of new US power generating capacity in first third of 2025
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Environment
Podcast: Tesla’s disturbing earnings, self-driving challenge, solid state batteries, and more
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla’s disturbing earnings, a new self-driving challenge, solid-state batteries, and more.
The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the podcast:
Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:
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