Chevrolet says it will refund customers who bought the Bolt EV or Bolt EUV before a recently announced price cut. According to a dealer memo obtained by Automotive News, customers in the United States who bought a 2022 Bolt EV or EUV will be eligible to receive about $6,000 back from the automaker.
Buyers of 2020 and 2021 models will also be eligible, so long as the vehicle was purchased after January 1, 2022. Leases are not included in the offer.
If you fall into one of these categories, Chevy says they will be sending you a letter in the next few weeks informing you on how to claim your refund. The exact amount will depend on a number of factors, including model year and trim level.
“A small number of Bolt EV and EUV customers purchased their vehicles in 2022 calendar year, when incentives were low due to limited inventory. As a result of the price reduction announced on the 2023 Chevrolet Bolt EV/EUV, we want to make sure these customers are satisfied with their purchase and ownership experience. We will be reaching out to them in the coming weeks to inform them of a goodwill program that will provide reimbursements to make up the price difference,” a Chevy spokesperson told Automotive News.
In June Chevy announced the price of the Bolt EV 1LT version was cut to $26,595 USD, an 18% drop from the 2022 model year price of $32,495. The top-of-the-line 2LT Bolt EV saw a similar 16% price cut to $29,975 compared to $35,695.
The Bolt EUV LT trim dropped 18% to $28,195 and the premium version dropped 16% to $32,695.
According to the automaker, the reason for the price drop was to make the Bolt EV and Bolt EUV “competitive in the marketplace.”