Up to $6,000 back retroactively from Chevy.
With so many supply chain shortages and increased parts costs, automakers are raising their prices across the board, especially for electric vehicles. Tesla has raised its prices multiple times this year, and General Motors had to increase the Hummer's MSRP for non-pre-order customers. The 2023 Chevrolet Bolt and Bolt EUV are among the only EVs to go down in price, with a recent discount of as much as $6,300. Chevy now sells the cheapest EV in America, starting at $26,595.
That's great if you are thinking of purchasing a brand-new Bolt, but not so joyous if you already purchased one earlier this year. Not wanting to make existing customers unhappy, GM will offer a retroactive discount, according to Automotive News.
"A small number of Bolt EV and EUV customers purchased their vehicles in the 2022 calendar year when incentives were low due to limited inventory. As a result of the price reduction announced on the 2023 Chevrolet Bolt EV/EUV, we want to make sure these customers are satisfied with their purchase and ownership experience," Chevy said in a statement.
According to a dealer memo, all purchases in 2022 count, even if the Bolt was the 2020 or 2021 model year vehicle. Leases do not count, however. "We will be reaching out to them in the coming weeks to inform them of a goodwill program that will provide reimbursements to make up the price difference," the company added.
It's unclear if existing all Bolt owners will receive the full discount or if older model purchases this calendar year will only receive smaller compensation. We can't imagine too many people purchased a Bolt prior to the discount since there was a stop-sale due to a massive battery recall. In fact, Chevy only moved 358 units in the first quarter of the year.
In Chevy's defense, the batteries were produced by LG Chem and the parent company GM is pouring cash into advertising to help consumers move on. Retroactive discounts like this are rare, and it proves Chevy is making the right moves in the EV sector with the Bolt.