The Chevy Bolt, GM’s popular electric vehicle, is leaving the company
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Sales of EVs after the Bolt Model Three: GM Moving its Production Lines to a Site with an Electric Vehicle Capabilities Site
Two years ago, GM announced it was setting a goal of producing just electric vehicles by the year 2035, due to the high dependence on gas and diesel sales.
The end of Bolt and EUV production is a blow to affordable EV ownership. The Bolt is one of the cheapest EVs currently on the market, with a starting price of around $24,000. The price could be even lower when applying the $7,500 EV tax credit.
But since the release of the Tesla Model 3 in 2018, Bolt sales have been less than impressive. The Bolt is not what most American car buyers are looking for these days, instead preferring larger SUVs and trucks. And a recall of 2017–2019 model year Bolts related to a flawed battery that left the vehicle prone to fires didn’t help with sales either.
The production of electric trucks would be shifted from its assembly plant in Michigan to another site, according to the company.
“This capacity is important to us because we will demonstrate to our customers that work and EV range are not exclusive terms for Chevrolet and GMC trucks,” she told investors.
In the last few years, the model has had two recalls by GM and warnings to drivers that their vehicles should be parked outside after the battery is charged because they could cause Bolts to catch fire.
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