The favored and reasonably priced Chevrolet Bolt will stay to see one other day as Common Motors CEO Mary Barra has simply confirmed {that a} next-generation model of the Bolt is within the works.

It is a main announcement for the corporate and for followers of reasonably priced EVs, with Barra saying the upcoming Bolt EV shall be based mostly on GM’s Ultium battery and drive expertise and can proceed to ship what prospects have come to anticipate from the nameplate: nice affordability, vary, and expertise.

“Our prospects love as we speak’s Bolt. It has been delivering document gross sales and a few of the highest buyer satisfaction and loyalty scores within the business. It is also an vital supply of conquest gross sales for the corporate and for Chevrolet.

We are going to preserve the momentum going by delivering a brand new Bolt…and we are going to execute it extra shortly in comparison with an all-new program with considerably decrease engineering expense and capital funding by updating the car with Ultium and Ultifi applied sciences and by making use of our ‘successful with simplicity’ self-discipline.”

Mary Barra, GM Chair and CEO

Adopting numerous Ultium and Ultifi technological developments will assist GM carry the favored mannequin again “on an accelerated timeline.” Thoughts you, the automaker didn’t present a launch timetable, noting that timing and particular particulars in regards to the next-gen Bolt shall be introduced at a later date.

Common Motors didn’t say whether or not the long run Bolt will supply two physique kinds as the present mannequin does – hatchback (Bolt EV) and crossover (Bolt EUV). It did, nonetheless, launch a teaser photograph that exhibits a portion of the next-gen Bolt’s tailgate that includes the brand new badge for the nameplate that has stylized lettering together with a lightning bolt on the letter “O.”

We will additionally detect the form of the tailight from the form of the stamped panel, and it appears to be like like the following Bolt will get lower-set horizontal lamps on the rear.

The forthcoming Chevrolet Bolt will be part of the model’s rising lineup of all-electric automobiles, together with three which can be launching this yr – Silverado EV, Blazer EV and Equinox EV.

The official affirmation relating to the next-generation Chevy Bolt comes after GM CEO Mary Barra final month hinted on the return of the Bolt entry-level EV within the close to future. She made the next remark whereas talking on NPR’s Market podcast.

“However, you already know, Bolt is one thing that has constructed up loads of loyalty and fairness. So I am unable to say extra as a result of I do not talk about future product applications. However, you already know, it was primarily a transfer from second era to 3rd era. However that is [an] vital car in our portfolio.”

GM’s head honcho mentioned the Ultium platform brings 40 p.c decrease battery prices in comparison with the second-generation battery used within the outgoing Bolt EV and EUV, which theoretically means the automaker may supply the following Bolt with a beginning MSRP nicely under $30,000. The Bolt would due to this fact undercut the Equinox EV that’s anticipated to start out round $30K.