GM will discontinue the Chevrolet Bolt EV and Bolt EUV electrical automobiles on the finish of 2023, GM CEO Mary Barra instructed traders on Tuesday. The Orion Meeting plant used to make the Bolt EVs will shift manufacturing to electrical vehicles such because the Silverado EV that use GM’s extra subtle Ultium propulsion system.
The announcement in regards to the finish of the Bolt EV comes when it’s experiencing its third consecutive quarter of file deliveries, Barra stated in a LinkedIn submit. She additionally known as this a “breakout 12 months for GM EVs and the Ultium Platform.”
That marks the top of one of the crucial reasonably priced electrical automobiles and a pacesetter for the nascent electrical automobile market when it launched in 2017. It gained Inexperienced Automobile Reviews’ Greatest Automobile To Purchase 2017 for its excessive vary and reasonably priced worth, on the time.
Again then, the Bolt EV price $37,495. Final 12 months, in June, Chevy slashed the worth of the Bolt EV and bigger Bolt EUV to $26,595 and $28,195, respectively, making them probably the most reasonably priced electrical automobiles with a comparatively lengthy vary of 259 miles (247 for the EUV). Each Bolts make use of a 65-kwh battery pack.
The worth lower aimed to each highlight the Bolt EV’s affordability at a time when the typical new automobile worth exceeded $46,000 and to attract again prospects within the wake of a widespread battery fireplace recall. GM paused manufacturing of the Bolt EV and Bolt EUV for six months whereas it recognized the explanations for the fires, and in the end needed to substitute battery modules on sure fashions and broaden the recall to each Bolt EV made, which totaled about 141,000 autos in North America.
GM raised the worth this 12 months by $900 as soon as the federal EV tax credit score of $7,500 was reinstated as a part of the revised Inflation Discount Act. That makes the 2023 Chevy Bolt EV and EUV at the very least half the worth of most different electrical automobiles, aside from the Nissan Leaf.