Sure, it is true, the Chevy Bolt EV and its ever-so-slightly completely different Bolt EUV twin, arguably the most effective offers in EVs proper now, are leaving manufacturing by the tip of the 12 months. It was initially reported by CNBC, which cited GM CEO Mary Barra’s feedback throughout an earnings name. We obtained affirmation from a Chevrolet consultant with the next assertion:
“When the Chevrolet Bolt EV launched, it was an enormous technical achievement and the primary inexpensive EV, which set in movement GM’s all-electric future. As the corporate continues to develop its EV portfolio with the Ultium platform, and as building continues on the Orion Township, MI, meeting plant in preparation for battery electrical truck manufacturing starting in 2024, Chevrolet confirmed Bolt EV and EUV manufacturing will finish late this 12 months. Chevrolet will launch a number of new EVs later this 12 months primarily based on the Ultium platform in key segments, together with the Silverado EV, Blazer EV and Equinox EV.”
The Chevy Bolts are constructed at that Orion manufacturing facility, and so evidently one of many major causes the Bolt is being phased out is to accommodate manufacturing of newer Ultium-platform automobiles such because the Silverado EV.
It nonetheless comes as a bit of little bit of a shock that the tip of Bolt manufacturing can be introduced with no instant successor introduced. Actually the Equinox EV will probably be pretty inexpensive with a price ticket near $30,000, however each Bolts had MSRPs below that. Plus they supplied spectacular vary and have been typically excellent little automobiles in a market with only a few inexpensive choices.
The Bolt line has even been seeing improved gross sales. The final three quarters all noticed gross sales will increase. Within the first quarter of this 12 months, Chevy offered 19,700 examples, greater than the Blazer, Colorado and even Suburban individually. It was actually GM’s best-selling EV.
With all that being mentioned, we can’t shut the coffin on inexpensive GM EVs simply but. We requested concerning the whether or not the Bolt identify will stick round or if another direct alternative is coming, and we obtained a model of the basic “We do not touch upon future product,” line. That is not concrete in both route. Moreover, Mary Barra herself mentioned there was one thing extra inexpensive than Equinox in improvement. And that is smart, as a result of why would GM fully cede a section the place it was aggressive? The Bolt’s closest competitor, the Nissan Leaf, solely offered round 2,300 models final quarter, and Nissan is not giving up on that.