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2020 Chevrolet Bolt | Review, Pricing, & Specs

Type: The Chevrolet Bolt is a 5 seater full electric hatchback that is the only EV vehicle in the brand’s lineup. The Bolt compares against full EV and hybrid rivals such as the Tesla Model 3, the Toyota Prius, the Nissan Leaf, the Hyundai Kona EV.


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IZEV $5000 Credit in Ontario


Chevrolet Bolt EV 2020

Performance - 8.6
Interior - 8.2
Safety - 8.4
Value - 5.5
Reliability - 8.7

7.9

The Bolt EV 2020 is an awesome deal if you get the vehicle with a preferred price discount, or factoring in the $5000 Ontario government rebate. The vehicle skimps on some tech features in lieu of 'electric fuel economy', however it you plan on driving more than 30,000km/ year, the premium paid for a full EV vehicle, ends up starting to save you $. This vehicle is the closest EV option from a range standpoint, to the more expensive Tesla Model 3.

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2020 Bolt Review Video


Vehicle Insurance Rates

Chevrolet Bolt Insurance Premium

The average insurance premium for a 2020 Chevrolet Bolt is $230 monthly for a 27 year old male, living in Etobicoke.

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The Bolt EV 2020 is an awesome deal if you get the vehicle with a preferred price discount, or factoring in the $5000 Ontario government rebate. The vehicle skimps on some tech features in lieu of ‘electric fuel economy’, however it you plan on driving more than 30,000km/ year, the premium paid for a full EV vehicle, ends up starting to save you $. This vehicle is the closest EV option from a range standpoint, to the more expensive Tesla Model 3.

Chevrolet Bolt 2020 Canada specs:

Type: EV Hatchback
Seating: 5 passengers
Price: 
CDN $44,998

Fuel economy: Full EV, up to 417 KM per charge
Horsepower: 200 hp
Engine: 149 kW electric motor

Highlights for the Chevrolet Bolt 2020

  • Gains an additional 37 km over last year’s model
  • Higher definition cameras in the rear and front
  • From the same generation of Chevrolet Bolt EV introduced in 2017

Pros & Cons

  • Excellent range
  • Very large feeling cabin because of an ‘electric powertrain’
  • Instant torque makes the vehicle pull and accelerate instantly
  • Great handling
  • Available for government rebate in Ontario
  • Vehicle slides around on wet pavement because of the instant torque available in the electric engine
  • Ride comfort is stiff
  • Not large enough for a ‘frunk’ – front storage compartment
  • Expensive premium for a full electric vehicle, and uncertain resale value. The vehicle is about 8000 more than a similarly specc’d Toyota Prius, and will take about 5.3 years to pay off the extra premium for a full EV vehicle, driving at 20,000km/year. At 30,000km a year, you’ll start saving money after 3.5 years.
    • Most Canadians only keep their vehicle for 5 years

Check out this fuel calculator to see if an EV or hybrid will be a good investment for you, depending on the KM you drive/year

Want to know what a dealer paid for a 2020 Chevrolet Bolt? You can see the incentives, price, and information on this car with a FREE dealer cost report from Unhaggle.

Chevrolet Bolt Incentives & Pricing

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To learn more about other EV & Hybrid vehicles, click here.

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Frequently Asked Questions

Does a Chevrolet bolt use level 2 or 3 charging technology?

The Bolt come standard with level 3 charging which is the fastest type charging available for non Tesla vehicles is also backwards compatible to work with level 2 charging stations.

Is the bolt available as a hybrid?

The bolt is only available as a fully vehicle and the Chevrolet Volt is the plug-in hybrid variation with a gas engine.

Does the Bolt qualify for the Ontario IZEV credit?

The Bolt qualifies for the IZEV incentive in Ontario which means you get up to $5000 in cash rebates from the government depending on the term length. For full details, check here.

What’s the range of a Chevrolet Bolt?

The Bolt has a range of 383 km and is available to charge up to 150 km in about 30 minutes from a level 3 fast charging station.

Chevrolet bolt vs Nissan Leaf

From a price perspective, the Nissan Leaf has a much more aggressive lease program and residual value compared to the Chevrolet bolt which means you’ll be able to find it for cheaper payments. The differences between both vehicles is quite marginal and it truly will come down to price and the bang for your buck.

Does a Chevrolet bolt have a sunroof for power seats?

The Bolt is not available with a power sunroof or power seats in favour of fuel economy.

Can the Chevrolet bolt use a Tesla Supercharger?

The Bolt has a different plug and therefore is not designed to use a Tesla Supercharger. However, most supercharger stations also have two or three charging ports that are compatible with non-Tesla electric vehicles.

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Nicholas Coatsworth

Nicholas has been in the automotive industry for 5+ years working directly with large dealer groups including the Humberview Group, and at the dealership level doing business development. He is the editor in chief for Conquest Cars Canada, and is passionate about helping his clients understand and master the nuances of shopping and learning about new vehicles. Whether you're looking for pointers before visiting the dealership, or general information to help you find your next car, he believes in enabling his readers with education and confidence to help find the right deals and savings for their next car.

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