Chevrolet offering $5,900 to $6,300 refunds to electric Bolt owners

It is an unconventional convert of occasions in this 12 months of record new car or truck prices.

Chevrolet is featuring a refund to some customers who have currently acquired their automobiles.

The automaker introduced in June that it was slashing selling prices on its electric Bolt EV and Bolt EUV designs by $5,900 to $6,300 for 2023 and will make up the variance for persons who acquired the cars all through 2022.

Bolt materials have been hampered by a short term manufacturing suspension caused by a battery pack remember and just 7,303 have been delivered to shoppers because the starting of the 12 months.

Chevrolet Bolt

The 2023 Bolt EV begins at $26,595. (Chevrolet)

“A compact quantity of Bolt EV and EUV clients acquired their cars in 2022 calendar 12 months, when incentives have been lower because of to limited stock. As a consequence of the cost reduction introduced on the 2023 Chevrolet Bolt EV/EUV, we want to make guaranteed these customers are glad with their acquire and ownership experience,” Chevrolet told Automotive Information.

“We will be achieving out to them in the coming months to tell them of a goodwill program that will provide reimbursements to make up the cost variance.”

Chevrolet Bolt EUV

The Bolt EUV is a bigger variation of the Bolt EV. (Chevrolet)

Costs now start off at $26,595 and $28,195, building Bolts the most economical electrical vehicles on sale these days.

Typical Motors has exhausted its eligibility for the federal $7,500 electric auto tax credit nonetheless, so it is attainable to invest in a number of EVs which include the Nissan Leaf for significantly less total soon after the credit rating has been deducted.

Chevrolet Bolt EUV cabin

The Bolt EUV is available with GM’s palms-absolutely free Super Cruise highway driving help aspect. (Chevrolet)

Even as it lowers the price tag of Bolts, GM is raising the price ranges of the electric powered GMC Hummer EV and Cadillac Lyriq thanks to source chain expenditures.

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Hummer costs have been increased throughout the lineup by $6,250 in June, when the Lyriq is launching afterwards this calendar year at $62,990, which is $3,000 greater than initially planned.

The Bolt refund applies to all 2020, 2021 and 2022 styles purchased this calendar yr and the full value of the software will be about $40 million if all house owners acquire edge of it.