Shock! General Motors Pulls The Plug On Popular Bolt Electric Car

By the end of 2023, General Motors has claimed to stop production of its Chevrolet Bolt electric vehicle.

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The decision to end the Bolt's production is due to GM's transition to zero-emission production for trucks and SUVs using a new battery platform.

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The Bolt's discontinuation follows a larger plan to revamp the factory where it is made to assemble electric trucks.

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The Bolt recorded its third straight quarter of record sales in Q1 2023, selling 19,700 units.

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The Bolt's costs start at $26,500 and are eligible for a $7,500 federal tax credit.

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SUVs manage to cover two-thirds of overall US vehicle sales, and about 1 in 4 are pickups.

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GM is investing $4 billion in its Orion Township Assembly Plant to produce electric pickups and SUVs using its next-generation Ultium EV platform.

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S&P Global Mobility projected that 10% of US vehicle sales would be EVs in 2023, with that number rising to 20% in 2025.

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Cox Automotive is projecting that 45% of US vehicle sales will be EVs by 2030.

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GM's Detroit-Hamtramck and Orion plants will be able to build more than 600,000 electric trucks a year by late 2024.

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