General Motors announced Tuesday it will end production of its Chevrolet Bold EV at the end of the year to focus on larger models with a new battery platform.
The Bolt, which starts at $26,500, accounts for more than 90% of all GM's domestic EV sales.The factory north of Detroit where Bolt hatchbacks and small SUVs are made will be converted to make Chevrolet Silverado EV and electric GMC Sierra trucks that will run on the company's next-generation Ultium EV platform.
U.S. President Joe Biden steps out of an electric Chevrolet Silverado EV pickup truck being shown to him by General Motors Chief Executive Mary Barra during a visit to the Detroit Auto Show to highlight electric vehicle manufacturing in America, in D GM sold more than 38,000 Bolts last year, up from some 24,800 in 2011. In the first quarter of 2023 alone, the company sold 19,700 of the models.
The Biden administration has touted the Bolt, which qualifies for a $7,500 federal tax credit, as an example of an affordable EV.
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