Electric Vehicles

I used to sell those warranties. They are worthless, just extra income for the dealer, extra commission for the salesman. I used to split the full price 50/50 with the dealership. In seven years selling them, we had one claim, which would have been a legitimate claim anyway without the warranty. An apprentice forgot to put an air filter in.

BEV’s worry dealers, because they can’t make much on service costs anymore which is where they make most profit so spurious warranty sales will be a part of clawback for them.

Personally, I would get your money back.

Never buy extended warranties. They're practically a scam.
EVs have an order of magnitude fewer moving parts to break.

Rule of thumb: if someone is trying to sell you a warranty extension, you don't need it or the parts that break are not covered.

FYI Hyundai also plans to extend the warranty on the infamous ICCU to 15 hears and 400000km.

Bought a Bolt EUV a few years ago and also cancelled our extended warranty just before the refund date deadline. Put 50k miles on it since then and the only things it's needed have been tire rotations and cabin air filter replacements.

My thought was EVs have less moving parts so decided it was worth chancing it if something electronic broke.

One detail you may not have considered is who can perform the work. While there's an independent mechanic on every street that can fix any ICE, there's only a tiny fraction that can fix an EV. You probably don't even have an EV mechanic like you did with ICE.

That means you're taking it to the dealer. Dealers are expensive.

Source: I'm in this exact position. I got the 60k warranty, knowing that I probably won't use much of it.