Why did Chevy discontinue the Volt?

Why Chevy discontinued the Volt
General Motors (GM) discontinued the Chevy Volt as part of its restructuring plan announced in 2019. The decision was made to focus on growing its truck and SUV business and prioritize investments in the next generation of battery-electric vehicle architectures. GM’s customer data showed that Volt owners were not using the gasoline engines as much, indicating a shift in consumer preferences. Additionally, the market has been moving away from sedans and towards SUVs, trucks, and crossovers. The discontinuation of the Volt allowed GM to allocate resources to other electric and self-driving car efforts.
The Volt was a plug-in hybrid that offered a roughly 50-mile electric range, which covered most daily commutes in America. For longer journeys, the car seamlessly switched to using its small gasoline engine to power an on-board generator, providing a total hybrid range of over 400 miles. The Volt played a significant role in the transition to fully electric vehicles and served as an invaluable research and development test-bed for GM’s future electric car efforts.
Despite the discontinuation of the Volt, GM continues to invest in electric vehicles. It has launched an onslaught of new EVs on its next-gen Ultium platform, with the goal of making EV production cheaper and more efficient. GM plans to retool its Orion Assembly plant in Michigan to ramp up production of the Chevy Silverado EV and GMC Sierra EV pickups. Chevy also has plans to introduce the Equinox EV, an entry-level replacement for the Bolt and Bolt EUV, in Fall 2023.
In conclusion, the discontinuation of the Chevy Volt was driven by GM’s restructuring plan, a shift in consumer preferences, and the company’s focus on investing in the next generation of battery-electric vehicles [[5]].

Did Chevy lose money on the Volt?

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.

How many miles per gallon does a Chevy Volt get?

42 mpg‑US
The gains in efficiency allow the second generation Volt to improve its combined fuel economy in gasoline-only (charge-sustaining) mode to 42 mpg‑US (5.6 L/100 km; 50 mpg‑imp), up from 37 mpg‑US (6.4 L/100 km; 44 mpg‑imp) for the previous model.

Why did Chevy stop producing the Volt?

It was lauded for its features, including the best all-electric driving range in its segment, where it could hit 53 miles before the gasoline engine turned on. However, GM discontinued the Volt in 2019 for several reasons, primarily because it was a small car, and sedan sales were falling globally.

How many years does a Chevy Volt battery last?

about 6-10 years
The Chevy Volt is equipped with a hybrid high voltage battery, and these types of batteries typically last, on average, about 6-10 years. On the flip side, batteries in conventional, gas-powered vehicles only last about 3-5 years.

What replaced the Chevy Volt?

Chevy Bolt EV
A new era in affordable, all-electric vehicles is here and the Chevy Bolt EV electric car is leading the charge. It features outstanding efficiency, cutting-edge technology and amped-up style.

What is the lifespan of a Chevy Volt?

200,000 to 300,000 miles
“With proper use and maintenance, a Chevrolet Volt can last 200,000 to 300,000 miles before you experience any major issues with the hybrid powertrain and other expensive components. If you drive an average of 15,000 miles per year, the car may serve you for about 13 to 20 years.”

What is better than the Chevy Volt?

As for the Chevrolet Bolt, it provides an even greater all-electric wallop, sending a considerable 200 horsepower and 266 lb-ft of torque through the front wheels. That’s 50 more horses than the Volt, and as a result, you should expect it to be at least 1.5 seconds quicker in a 0-to-60-miles-per-hour sprint.

Why did Chevy stop making the bolt?

Some of the more likely reasons why the Bolt was discontinued may include its high price tag, sluggish sales, and Tesla’s recent shift to electric vehicles. Why is GM not producing more electric vehicles like the Chevy Bolt or an electric version of the Silverado pickup truck?

Did GM lose money on the Chevy Volt?

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.

What went wrong with the Chevy Volt?

A leading U.S. auto safety regulator on Friday announced an investigation into 73,000 Chevrolet Volt plug-in hybrid cars over reports that they may abruptly lose power, fail to restart and encounter other issues.