Chevrolet Bolt EV Depreciation

A Chevrolet Bolt EV will depreciate 58% after 5 years and have a 5 year resale value of $17,482.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $41,212 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Chevrolet Bolt EV.

Chevrolet Bolt EV Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $13,200 67.97% $28,012 13,500 2021
2 $15,290 62.90% $25,922 27,000 2022
3 $16,687 59.51% $24,525 40,500 2023
4 $20,367 50.58% $20,845 54,000 2024
5 $23,730 42.42% $17,482 67,500 2025
6 $26,157 36.53% $15,055 81,000 2026
7 $28,280 31.38% $12,932 94,500 2027
8 $29,796 27.70% $11,416 108,000 2028
9 $30,447 26.12% $10,765 121,500 2029
10 $32,693 20.67% $8,519 135,000 2030

Chevrolet Bolt EV Depreciation

Years Old Depreciation Residual Value Resale Value
1 $13,200 67.97% $28,012
2 $15,290 62.90% $25,922
3 $16,687 59.51% $24,525
4 $20,367 50.58% $20,845
5 $23,730 42.42% $17,482
6 $26,157 36.53% $15,055
7 $28,280 31.38% $12,932
8 $29,796 27.70% $11,416
9 $30,447 26.12% $10,765
10 $32,693 20.67% $8,519

Chevrolet Bolt EV Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Chevrolet Bolt EV that is 2 years old, then you could save $15,290 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $8,440. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Bolt EV models become available.

Other Chevrolet Bolt EV Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Chevrolet Bolt EV costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: