November 29, 2022

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GM difficulties retroactive discount for Chevy Bolt EV products purchased new in 2022

2 min read

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Typical Motors is issuing a retroactive discount for Chevrolet Bolt EV styles purchased in 2022, reimbursing entrepreneurs who bought their cars and trucks before a major price cut announced just one thirty day period in the past.

Initially documented by Automotive News (subscription demanded), GM will give suitable buyers up to $6,000 back, in line with the low cost used to the 2023 Bolt EV, which brought that model’s foundation price tag down to $26,595 together with place charges. The 2023 Chevrolet Bolt EUV obtained a $6,300 value minimize, reducing its foundation price to $28,195 with spot.

GM will reimburse proprietors of 2020-2022 Bolt EVs, though it can be unclear if all house owners will get the complete $6,000. And the reimbursement application would not use to Bolt EV leases.

2022 Chevrolet Bolt EV

2022 Chevrolet Bolt EV

A couple months ago we claimed on GM’s supplemental incentives to get new 2022 and 2021 Bolt EV and EUV products down to the exact rate of new 2023 versions. But this is an additional perk—and uncommon to see something like this utilized retroactively. Some may well see the bonus as also making superior on any resale-worth adjustment owing to the selling price minimize.

Admittedly this retroactive discount will most likely utilize to only a handful of clients. Automotive Information reviews that Chevy offered just 358 Bolt EVs in the very first quarter of 2022. 2nd-quarter figures were not accessible at the time of publication, but they have been probably equivalent.

Production of the Bolt EV was suspended for a significant portion of the previous yr. As a battery-linked remember concerned each and every Bolt EV created, it held up some 2021, and even 2020 products, that experienced been at the dealership.

2022 Chevrolet Bolt EV

2022 Chevrolet Bolt EV

The Bolt EV was current for the 2022 design year, which also saw the addition of the Bolt EUV variant to the lineup. The price tag slash and a new Redline Edition for the Bolt EUV are the only changes for 2023.

The 2023 product 12 months price adjustment—and the array of reductions on older Bolt EV models—helps make factors correct in advance of the arrival of the 2024 Chevrolet Equinox EV, thanks to start all around $30,000.

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