GM has announced that production for the Bolt EV and Bolt EUV will be ending at the end of the year.
The Chevy Bolt was not long for this world.
The end is nigh for the Chevy Bolt.
General Motors plans to end production of the Chevy Bolt EV and EUV at the end of 2023, GM CEO Mary Barra announced in an earnings call Tuesday. The company plans to use the capacity at its Orion Township, Michigan, assembly plant to build electric trucks starting in 2024.
The end of production of the Chevy Bolt EV and EUV is a huge blow to affordable EV ownership. The Bolt is one of the cheapest EVs currently on the market, with a starting price of around $24,000. The price could be even lower when applying the $7,500 EV tax credit.
But the Bolt EV and EUV were always at a disadvantage, built on GM’s older and soon-to-be-obsolete BEV2 platform. The automaker has since shifted to its Ultium battery architecture for its next-generation EVs, including the Cadillac Lyriq, Hummer EV, and GMC Sierra EV. For its part, Chevy is planning to launch a trio of Ultium-built EVs, including the Silverado EV, Blazer EV, and Equinox EV.
“When the Chevrolet Bolt EV launched, it was a huge technical achievement and the first affordable EV, which set in motion GM’s all-electric future,” Cody Williams, senior manager, for communications at Chevy, said in a statement. “As the company continues to grow it’s EV portfolio with the Ultium platform, and as construction continues at the Orion Township, MI, assembly plant in preparation for battery electric truck production beginning in 2024, Chevrolet confirmed Bolt EV and EUV production will end late this year.”
First introduced in 2016, the Chevy Bolt was intended to be the automaker’s first stab at a mass-market purely battery-electric vehicle with 200-plus miles of range and an affordable price tag. The company released a refreshed model, as well as a slightly larger EUV version, in early 2021.