2024 Chevrolet Bolt EV: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Chevrolet Bolt EV costs $38,648 to own over 5 years, or $644/month. The biggest expenses are depreciation ($17,047) and insurance ($11,940).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$38,648
$644/month • $1/mile
Cost Breakdown
Depreciation$17,047 (44%)
Insurance$11,940 (31%)
Fuel/Energy$2,667 (7%)
Maintenance$1,980 (5%)
Financing$4,655 (12%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $6,599 | $2,388 | $533 | $396 | $9,916 |
| Year 2 | $2,612 | $2,388 | $533 | $396 | $5,929 |
| Year 3 | $2,612 | $2,388 | $533 | $396 | $5,929 |
| Year 4 | $2,612 | $2,388 | $533 | $396 | $5,929 |
| Year 5 | $2,612 | $2,388 | $533 | $396 | $5,929 |
Key Facts
1-Year Depreciation
24% ($6,599)
5-Year Depreciation
62% ($17,047)
Annual Repair Cost
$678
Annual Maintenance
$396
These are estimates based on state averages. Your exact rate depends on your specific profile.
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