GM issues retroactive discount for Chevy Bolt EV models bought new in 2022

Normal Motors is issuing a retroactive lower price for Chevrolet Bolt EV versions acquired in 2022, reimbursing homeowners who bought their autos before a massive price tag slice declared just one month ago.

Initially documented by Automotive News (membership essential), GM will give suitable purchasers up to $6,000 back again, in line with the lower price used to the 2023 Bolt EV, which brought that model’s base price tag down to $26,595 which include desired destination rates. The 2023 Chevrolet Bolt EUV acquired a $6,300 value cut, decreasing its foundation price to $28,195 with desired destination.

GM will reimburse proprietors of 2020-2022 Bolt EVs, despite the fact that it’s unclear if all owners will get the comprehensive $6,000. And the reimbursement plan isn’t going to use to Bolt EV leases.

A couple of months ago we claimed on GM’s additional incentives to get new 2022 and 2021 Bolt EV and EUV styles down to the exact cost of new 2023 models. But this is an further perk—and scarce to see anything like this used retroactively. Some may well see the bonus as also making excellent on any resale-worth adjustment owing to the price slash.

Admittedly this retroactive discount will very likely use to only a handful of clients. Automotive Information studies that Chevy marketed just 358 Bolt EVs in the 1st quarter of 2022. Next-quarter figures were not readily available at the time of publication, but they were being likely related.

Production of the Bolt EV was suspended for a massive portion of the previous calendar year. As a battery-similar recall associated each and every Bolt EV designed, it held up some 2021, and even 2020 versions, that experienced been at the dealership.

2022 Chevrolet Bolt EV

2022 Chevrolet Bolt EV

The Bolt EV was current for the 2022 design yr, which also noticed the addition of the Bolt EUV variant to the lineup. The cost lower and a new Redline Edition for the Bolt EUV are the only improvements for 2023.

The 2023 design 12 months value adjustment—and the array of reductions on more mature Bolt EV models—helps make factors correct in progress of the arrival of the 2024 Chevrolet Equinox EV, thanks to begin around $30,000.