Chevrolet Offers Bolt Owners Money If They Waive the Right to Sue


With the Chevrolet Bolt gradually losing its competitive edge as more all-electric vehicles take the field, and the car on the hook for a high-profile recall relating to battery fires, General Motors opted to reduce its price by six grand this year in a bid to make the 2023 model year more appetizing to consumers. Prior to the Biden administration pushing to renew EV tax credits as part of the "Inflation Reduction Act of 2022" (basically a tweaked version of Build Back Better), GM had little hope of its vehicles benefiting from continued government incentives that it had already exceeded its sales quota for and needed a remedy. However the sudden price cut didn't sit well with customers who had just purchased a Bolt EV (or EUV) at the earlier price point, so the automaker attempted to cut them a semi-Faustian bargain.

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  • 285exp I am quite sure that it is a complete coincidence that they have announced a $7k price increase the same week that the current administration has passed legislation extending the $7k tax credit that was set to expire. Yep, not at all related.
  • Syke Is it possible to switch the pure EV drive on and off? Given the wonderful throttle response of an EV, I could see the desirability of this for a serious off-roader. Run straight ICE to get to your off-roading site, switch over the EV drive during the off-road section, then back to ICE for the road trip back home.
  • ToolGuy Historical Perspective Moment:• First-gen Bronco debuted in MY1966• OJ Simpson Bronco chase was in 1994• 1966 to 1994 = 28 years• 1994 to now = 28 yearsFeel old yet?
  • Ronnie Schreiber From where is all that electricity needed to power an EV transportation system going to come? Ironically, the only EV evangelist that I know of who even mentions the fragile nature of our electrical grid is Elon Musk. None of the politicians pushing EVs go anywhere near it, well, unless they are advocating for unreliable renewables like wind and solar.
  • FreedMike I just don’t see the market here - I think about 1.2% of Jeep drivers are going to be sold on the fuel cost savings here. And the fuel cost savings are pretty minimal, per the EPA: https://www.fueleconomy.gov/feg/PowerSearch.do?action=noform&path=1&year1=2022&year2=2022&make=Jeep&baseModel=Wrangler&srchtyp=ymm&pageno=1&rowLimit=50Annual fuel costs for this vehicle are $2200 and $2750 for the equivalent base turbo-four model. I don’t get it.