Chevy is lowering the price of its Bolt electric vehicles for the 2023 model year by thousands of dollars. So the automaker wants to do right by customers who bought a Bolt this year by offering a price adjustment. Find out if you qualify.
"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."Prices now start at $26,595 and $28,195, making Bolt models the cheapest electric vehicles on sale today.
General Motors has exhausted its eligibility for the federal $7,500 electric vehicle tax credit; however, so it is possible to buy several EVs including the Nissan Leaf for less overall after the credit has been deducted. Even as it lowers the price of Bolts, GM is raising the prices of the electric GMC Hummer EV and Cadillac Lyriq due to supply chain costs.Hummer prices were increased across the lineup by $6,250 in June, while the Lyriq is launching later this year at $62,990, which is $3,000 higher than originally planned.
The Bolt refund applies to all 2020, 2021, and 2022 models purchased this calendar year and the total cost of the program will be over $40 million if all owners take advantage of it.
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