![]() ![]() The 2023 model year Bolt EV will start at $26,595. In the second quarter, GM sold 6,945 Bolt EVs and EUVs, down 38.3% from the year-ago period.īut Majoros said Chevrolet has pent-up demand for the Bolt. Last month, GM said it will be cutting the price for the 2023 Bolt and Bolt EUV by about $6,000. It is working to bring production back up with a goal this year of surpassing the Bolt's annual sales record of 24,000. With a battery fix under way, Chevrolet restarted production in April at Orion. GM stopped building new Bolts late last year to work with its battery maker LG Energy Solution on fixing the batteries in that recall. Since then, it has sold more than 140,000.īut it hit a snag last year when GM had to recall all 2017-22 model year Bolts due to defective batteries that posed a potential fire risk. GM revealed the Bolt as a concept car in January 2015 and started producing them in 2016. Krebs said there remains the possibility of GM keeping the Bolt name to use on a new EV, "if they feel it has value." “We will see a lot of new product coming to the market and we may see some product go. ![]() “We’re in the pioneering stages of EV technology,” said Michelle Krebs, executive analyst at Cox Automotive. In 2019 Chevrolet retired the hybrid Volt to make way for the all-electric Bolt, which gets about 250 miles on a single charge. This would not be the first time Chevrolet bumps a vehicle to make room for another. GM intends for all its vehicles across its four brands to be electric by 2035. GM's luxury brand Cadillac is rolling out the 2023 Lyriq SUV now, GMC has the 2022 Hummer pickup out and Buick will also get an EV in the next few years. GM said production of the Bolt EV and EUV "will continue during the plant’s conversion." But as part of a $7 billion investment in manufacturing in Michigan announced earlier this year, GM is upgrading the plant to start building the Silverado EV and electric GMC Sierra at Orion in 2024. GM builds the Bolt vehicles at its Orion Assembly plant in Orion Township. GM has said it will add at least four new EVs to Chevrolet in the next few years: The 2024 Silverado EV, 2024 Blazer EV, an Equinox EV and an electrified Corvette. ![]() Majoros would not confirm timing for when the Bolt EVs will exit the lineup, but he said, “It’s going to be with us for the foreseeable future and as we ramp portfolio, then we’ll see about the long game for that, so … more to come.” But as we scale and ramp volume here, portfolios change." "Will Bolt be in our portfolio 'x' numbers of years from now? No, it won’t," Steve Majoros, Chevy's vice president of marketing, told the Free Press on Monday. ![]()
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