Why did Chevy stop making the Volt?

Why Chevy stopped making the Volt
The decision to discontinue the Chevrolet Volt was influenced by several factors. One of the main reasons was the financial aspect. The Volt was a financial burden for General Motors (GM) as it cost a lot of money to produce and undersold its competition by a significant margin. Additionally, the Volt did not provide much word-of-mouth benefit to GM as a green carmaker.
Another factor was the changing consumer preferences and market conditions. The proliferation of SUVs, crossovers, and trucks made it challenging for sedans like the Volt to compete. GM was in the process of retooling several manufacturing facilities, and the Volt was considered old technology compared to fully electric models like the Chevy Bolt. GM also cut 10 sedans from its brands in the five years leading up to 2020, indicating a shift away from sedans.
Furthermore, there were challenges in the distribution and production of the Volt. Some dealerships did not want to sell the Volt, and unions were not enthusiastic about manufacturing it. Despite being the fifth best-selling vehicle for Chevy, the Volt faced obstacles that other models like the Spark did not. The discontinuation of the Volt was also part of a larger decision by GM to cancel several vehicles manufactured at the same factory, including the Chevrolet Impala, Buick LaCrosse, and Cadillac CT6.
GM’s customer data also showed that Volt owners were not using the gasoline engine as much, indicating a shift towards driving on full electricity. This trend, combined with the additional expenses of producing a plug-in hybrid, led GM to focus on an all-electric future. GM CEO Mary Barra has emphasized the company’s commitment to an all-electric lineup and plans to launch at least 20 new all-electric vehicles by 2023.
In summary, the decision to discontinue the Chevrolet Volt was driven by financial considerations, changing consumer preferences, market conditions, distribution challenges, and GM’s commitment to an all-electric future.

How many miles will a Chevy Volt last?

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.

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.

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.

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.

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 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.”

Why was Chevrolet Volt discontinued?

Volt owners would often brag about not having to fill up their gas tanks in months or even years. But low sales and a broader shift to big trucks and SUVs doomed the Volt, which got discontinued in 2019 as part of a wider restructuring at GM.

Will there be a 2024 Chevy Volt?

It’s noteworthy that the Chevy Bolt will not see a 2024 model as it has been discontinued, making way for the Equinox EV to take its place, symbolizing the dawn of a new era in automotive excellence.