GM Offers Chevy Bolt EV Owners a ,000 Rebate — But Here’s the Catch

General Motors (GM) now offers Chevy Bolt electric vehicle (EV) owners a refund or rebate worth up to $6,000.

GM Offers Chevy Bolt EV Owners a ,000 Rebate — But Here’s the Catch

(Photo : Alex Wong/Getty Images)
LAS VEGAS, NV – JANUARY 06: Its name is seen on body of the new Chevy Bolt EV, an electric car with a battery range of 200 miles, priced at $30,000, and will be in production this year, after a keynote address at CES 2016 at the Westgate Las Vegas Resort & Casino on January 6, 2016 in Las Vegas, Nevada.

The refund offer for the all-electric Chevrolet Bolt comes several months after GM recalled the EV in 2021 after its battery fire incident.

But the new $6,000 comes with a catch, which might end up some owners thinking twice before accepting the offer.

GM’s Chevy Bolt EV $6,000 Rebate

As per the news story by The Verge, the giant American automaker has introduced a new rebate program it dubs “goodwill reimbursement” to the owners of its Bolt EV.

Chevrolet now offers those who got their hands on the Bolt EV from 2020 until the current year or in 2022 a $6,000 refund

It is worth noting that the renowned automaker has significantly brought down the retail prices of the Bolt EV during the start of June.

While most automakers are inevitably jacking up the prices of their vehicles, Chevy went against the tide by slashing off a total of $5,900 from the pricing of its Bolt EV.

In turn, the new Bolt EV now retails for only $26,595, which is an astounding decrease from its previous price tag of $32,395.

The spokesperson of Chevy, Kevin Kelly, explicitly told The Verge that the new offer is only “limited to customers who purchased a 2020-2022 Bolt EV/EUV in the 2022 calendar year.”

On top of that, the Chevy spokesperson also clarified that the “goodwill reimbursement” only applies to customers who purchased their “new retail” EV at the dealership of the car maker.

Chevy Bolt Rebate: Here’s the Catch

However, the latest rebate offering from Chevy comes with a massive catch.

According to a recent report by Electrek, the carmaker is asking for something in return before they could get what it touts to be a “goodwill” refund.

GM says that those who will agree to get the $6,000 rebate would have to vow not to bring the automaker to court over the battery fire mess.

The release of the rebate comes with an agreement clause, wherein Bolt EV owners have to avoid filing a lawsuit against GM for its previous battery recalls and defects.

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Chevy Bolt EV Battery Fire Recall

GM Offers Chevy Bolt EV Owners a $6,000 Rebate — But Here’s the Catch

(Photo : Michael M. Santiago/Getty Images)
NEW YORK, NEW YORK – APRIL 15: A charging Chevrolet Bolt EV is seen at the New York International Auto Show at the Jacob K. Javits Convention Center on April 15, 2022 in New York City.

The Bolt EV and EUV have been in hot water since 2021 due to their major battery fire risk. GM decided to recall and replace its batteries last August after delaying it for a time.

Related Article: 2022 Chevrolet Bolt EUV and EV: Specs, Price, Release Date, and MORE-Comes with Super Cruise!