DETROIT – General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company’s first-quarter earnings.
The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company’s electric vehicle sales to date. However, the battery cells in the cars are an older design and chemistry than the automaker’s newer electric vehicles such as the GMC Hummer and Cadillac Lyriq, which utilize GM’s Ultium architecture.
There’s irony in the timing of the Bolt getting axed. It comes amid record production and sales of the vehicle for mass-market consumers, which was GM’s initial goal.
The company plans to produce more than 70,000 Bolt models this year, as it targets to sell over 400,000 EVs from early 2022 through mid-next year in North America.
GM pushed the Bolt out ahead of the Tesla Model 3 in 2016. The two were considered to be the first long-range EVs designed for mainstream drivers, starting at around $35,000.
But Bolt sales never caught on as well as many executives hoped, as EV sales overall remained minuscule outside of Tesla. The Bolt also suffered a major setback more recently, as GM recalled all of the Bolts ever produced due to a supplier-related battery issue that caused several fires.
END Electric PERIOD !!! Not going to Work !!!! Will ALWAYS need Gas / Oil / Coal PERIOD !!!!!
End the Democrat LIE > GREEN this GREEN that !!!!