Of course, the price reduction has bummed out many existing Bolt EV owners who had to go through the recall and missed out on the lower price. As we recently reported, the $6,000 price drop made them the best value EVs in America, by far.
That certainly didn’t help sales, but the Bolt EV and EUV were still a good offering at that price point with now good batteries. During that time, several more vehicles ended up going up in flames until GM finally decided to replace the battery modules in August 2021. GM ended up doing the right thing and replacing battery modules in all cars, but the automaker has been criticized for delaying the decision to recall the electric vehicles and pushing “software fixes” in the meantime. On the other hand, the Bolt EV and EUV were in a strange situation after the major setback of recalling virtually all vehicles ever produced due to a battery fire risk coming from a defect in the battery cells supplied by LG Energy Solutions. In June, GM announced that the 2023 Chevy Bolt EV and EUV are getting a significant $6,000 price cut – this was surprising at a time when most automakers are raising the prices of electric vehicles. General Motors has started offering Chevy Bolt EV owners a $6,000 refund as long as they promise not to sue over the battery fire recall fiasco of last year.
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