author: Vineeth Joel Patel
Before the end of January, General Motors announced that it would invest $7 billion in four manufacturing sites in Michigan. One of the plants to receive a large portion of the funds is the Orion Township plant which will see the facility converted to assemble the upcoming Chevrolet Silverado EV and GMC Sierra electric pickup. The plant currently houses the Chevrolet Bolt EV and Bolt EUV. The news casts a shadow over the future of the Bolt EV and Bolt EUV.
An affordable electric vehicle on the way
Now, a report from GM Authority claims that General Motors plans to release an affordable electric car that uses the brand’s Ultium batteries and platform. The vehicle would sit under the upcoming Chevrolet Equinox EV and have a starting price of around $30,000 when it goes on sale in the fall of 2023. While the news is good for buyers, it only solidifies the situation. future of the Bolt EV and Bolt EUV. so true.
The Bolt EV and Bolt EUV are based on GM’s older BEV2 platform which has the automaker’s older 65kWh battery and chemistry. GM’s Ultium electric motors, platform and batteries allow the automaker to offer an affordable vehicle with more range and performance than the Bolt lineup. That’s one of the great things about the Ultium platform, as GM CEO Mary Barra explained during the automaker’s fourth-quarter earnings call, how the cost savings scale enabled by the Ultium platform allow it to manufacture affordable electric vehicles.
“The efficiencies created by the Ultium platform are one of the main reasons we’ll be able to deliver truly affordable electric vehicles like the Equinox,” Barra said on the earnings call for the fourth trimester. “Affordable electric vehicles are part of the market that start-ups are not targeting, but they are essential to driving the mass adoption of electric vehicles, which is a national and global priority. That is why we plan to follow the Equinox with an even more affordable EV.”
What will happen to the bolt?
With the Equinox EV set to be an electrified version of the compact SUV, we believe GM’s next electric car will be a subcompact SUV or compact sedan. This puts the hypothetical vehicle in the crosshairs of the Bolt EV and Bolt EUV. Then there’s the $30,000 price tag, which also puts the Bolt family out in the cold. The Bolt EV starts at $31,500, while the larger Bolt EUV costs $33,500.
All of this information indicates that Chevrolet is resting the Bolt EV and Bolt EUV. Unfortunately, GM confirms the decision without actually confirming the decision.