Chevrolet's Bolt has a slightly larger variant for 2022 called the EUV that does its best to mimic an SUV with upright, boxier styling.

The Bolt's base price has remained around $37,000 since it went on sale for the 2017 model year.

However, the 2022 facelift brought a price cut to $32,495 with the EUV coming in just above at $34,495. For 2023, the Bolt duo is getting even steeper price cuts, into the $20,000 range.

Bolt EV hatchback prices will start at $26,595 for the 1LT trim and $29,795 for the 2LT trim in 2023.

This represents a $5900 decrease for each model compared to 2022.

Similarly, the EUV will start at $28,195 for the LT and $32,695 for the Premier, a reduction of $6300 over last year.

For the Bolt EV and EUV 2023, there are only a few changes: a new paint color, Radiant Red Tintcoat, and a new appearance package, Redline Edition for the EUV, seen in the top image.

The Bolt is now the cheapest EV in America, undercutting the Nissan Leaf, which starts at $28,425 in 2023.

Even though the Leaf qualifies for federal tax credits, dramatically lowering its price.

Nissan is expected to reach the 200,000 vehicle cap later this year, which General Motors did earlier this year.

The 2023 Bolt EV and Bolt EUV will go into production this summer, and vehicles will arrive at dealerships soon after.