After reducing the worth of the Bolt EV and EUV by about $6,000 for 2023 fashions, Chevrolet plans to compensate prospects who paid extra for the automobiles this 12 months.
All U.S. prospects who bought a Bolt EV or EUV in 2022 are eligible for rebates, Chevy mentioned this week in a memo to sellers seen by automotive information. New 2022, 2021 and 2020 mannequin 12 months automobiles qualify so long as they had been bought throughout this calendar 12 months. Leases are excluded.
“A small variety of Bolt EV and EUV prospects bought their automobiles at [the] Calendar 12 months 2022, when incentives had been low attributable to restricted stock. On account of the introduced worth discount on the 2023 Chevrolet Bolt EV/EUV, we wish to guarantee these prospects are happy with their shopping for and possession expertise,” Chevy mentioned in a press release confirming the change to automotive information. “We will likely be reaching out to them within the coming weeks to allow them to find out about a goodwill program that may present rebates to make up the distinction in worth.”
Such retroactive incentives are uncommon as automakers incessantly change the costs and reductions out there to prospects. Chevy’s transfer suggests an effort to keep away from upsetting early EV patrons forward of a full-scale rollout within the subsequent few years.
Chevy will ship letters to eligible prospects with directions to request a refund, the memo says. The quantity of the rebate is determined by a number of components, together with the mannequin 12 months and trim degree.
The model’s determination to chop the worth of Bolts by round $6,000 by 2023 comes because it goals to spice up its gross sales whereas additionally making ready to introduce electrical crossovers powered by GM’s Ultium batteries. The 2023 Bolt EV will begin at $26,595 and the bigger Bolt EUV will begin at $28,195.
Chevy bought 358 Bolt EVs and EUVs within the US within the first quarter. The model plans to report second-quarter gross sales on Friday.