Chevy Bolt buyers to get retroactive discounts ahead of price cut

Just after reducing the value of the Bolt EV and EUV by about $6,000 for the 2023 models, Chevrolet strategies to compensate shoppers who paid out extra for the automobiles this 12 months.

All U.S. customers who bought a Bolt EV or EUV in 2022 are eligible for reimbursements, Chevy explained this 7 days in a memo to dealers seen by Automotive Information. New vehicles from the 2022, 2021 and 2020 design decades qualify as prolonged as they ended up ordered throughout this calendar calendar year. Leases are excluded.

“A compact selection of Bolt EV and EUV clients procured their automobiles in [the] 2022 calendar calendar year, when incentives had been small thanks to confined stock. As a final result of the price reduction announced on the 2023 Chevrolet Bolt EV/EUV, we want to make sure these prospects are satisfied with their obtain and possession practical experience,” Chevy explained in a statement confirming the move to Automotive Information. “We will be reaching out to them in the coming weeks to inform them of a goodwill application that will offer reimbursements to make up the price variance.”

These types of retroactive incentives are uncommon as automakers routinely improve costs and bargains obtainable to buyers. Chevy’s move indicates an energy to avoid irking early EV prospective buyers ahead of a significant-scale rollout in the coming a long time.

Chevy will send out suitable customers letters with guidance for requesting a reimbursement, the memo claimed. The reimbursement total depends on many aspects, which include design year and trim stage.

The brand’s go to slice the Bolts’ selling price by about $6,000 for 2023 comes as it aims to bolster their income when also making ready to introduce electric powered crossovers driven by GM’s Ultium batteries. The 2023 Bolt EV will begin at $26,595, and the more substantial Bolt EUV will start out at $28,195.

Chevy bought 358 Bolt EVs and EUVs in the U.S. in the course of the very first quarter. The brand ideas to report 2nd-quarter product sales Friday.