Chevy Bolt buyers to get retroactive discounts ahead of price cut

After lowering the cost of the Bolt EV and EUV by about $6,000 for the 2023 versions, Chevrolet ideas to compensate customers who paid extra for the autos this calendar year.

All U.S. prospects who bought a Bolt EV or EUV in 2022 are suitable for reimbursements, Chevy said this 7 days in a memo to sellers observed by Automotive News. New autos from the 2022, 2021 and 2020 model a long time qualify as prolonged as they were being acquired throughout this calendar year. Leases are excluded.

“A compact quantity of Bolt EV and EUV consumers bought their vehicles in [the] 2022 calendar calendar year, when incentives were being reduced due to confined stock. As a result of the value reduction announced on the 2023 Chevrolet Bolt EV/EUV, we want to make sure these prospects are pleased with their buy and ownership encounter,” Chevy stated in a statement confirming the shift to Automotive News. “We will be reaching out to them in the coming months to tell them of a goodwill system that will provide reimbursements to make up the cost change.”

These retroactive incentives are exceptional as automakers usually alter prices and bargains obtainable to prospects. Chevy’s move suggests an energy to keep away from irking early EV buyers in advance of a substantial-scale rollout in the coming a long time.

Chevy will send eligible shoppers letters with guidance for requesting a reimbursement, the memo said. The reimbursement volume depends on numerous components, together with product year and trim amount.

The brand’s shift to lower the Bolts’ cost by about $6,000 for 2023 will come as it aims to bolster their sales although also planning to introduce electrical crossovers driven by GM’s Ultium batteries. The 2023 Bolt EV will begin at $26,595, and the much larger Bolt EUV will start out at $28,195.

Chevy marketed 358 Bolt EVs and EUVs in the U.S. all through the 1st quarter. The brand ideas to report 2nd-quarter sales Friday.