Why is Chevy Bolt being discontinued?

Reasons for Chevy Bolt Discontinuation
The discontinuation of the Chevy Bolt is attributed to several key factors:
1. Sales Surge and Demand: The decision to keep the Bolt around was influenced by a significant sales surge, with sales up more than 50% in 2022 and almost 50,000 Bolts sold through the end of September. Despite the initial plan to end production, the strong demand for the Bolt led to the decision to keep the model in production for the time being.
2. Outdated Platform and Production Considerations: The Bolt’s reliance on a modified, bespoke platform from 2016 with costly batteries, in contrast to GM’s next-gen Ultium platform, played a role in the discontinuation. Additionally, the need to retool the production plant in Michigan for other EVs, such as the Chevy Silverado EV and GMC Sierra EV pickups, contributed to the decision.
3. Technological Advancements and Over-the-Air Updates: The newer models of the Bolt are expected to include technologies from GM’s Ultifi software platform, allowing over-the-air software updates and in-car subscription services. Leveraging the Ultium technology is aimed at reducing costs and getting an affordable vehicle into the marketplace.
4. Affordability and Obsolescence: The discontinuation is disadvantageous as it compromises the affordability of the Bolt, which initially set it apart from other available vehicles. The reliance on GM’s outdated BEV2 platform put the Bolt at a disadvantage compared to newer electric vehicle models.
5. Production Capacity and Market Positioning: GM’s decision to discontinue the Bolt is driven by the need for production capacity, profits, and market positioning of its forthcoming next-generation EVs. The company believes it doesn’t need the Bolt to achieve its goals in these areas.
These factors collectively influenced GM’s decision to discontinue the Chevy Bolt, despite its recent surge in popularity and sales.
If you have any further questions or need additional information, feel free to ask!

Is Chevy Bolt still a good buy?

Value 10.0/10. The 2023 Chevrolet Bolt EUV has a great value rating for the Electric SUV class. We determine value based on the vehicle’s estimated total cost of ownership, along with the vehicle’s MSRP for its base and top trims.

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?

What is Chevy replacing the Bolt with?

2024 Chevy Equinox EV
Transitioning our focus to the upcoming 2024 Chevy Equinox EV, this innovative compact crossover SUV, destined to replace the discontinued Bolt, elevates its prowess by offering alternatives between Front-Wheel Drive (FWD) and All-Wheel Drive (AWD).

What is the lifespan of a Chevy Bolt?

The battery in the Chevy Bolt EV or Bolt EUV is guaranteed to get at least 8 years or 100,000 miles out of a new battery.

Will there be a 2024 Chevrolet Bolt?

Last quarter, the Chevrolet Bolt was America’s third-best-selling electric vehicle (EV). But General Motors announced last year that the model won’t make it to 2024. Unsurprisingly, it won’t be gone from the market for long.

Does GM lose money on Bolt?

GM priced the Chevy Bolt at $26,595, which is approximately $2,000 below manufacturing costs, indicating that the model was cutting into GM’s net income during 2022.

Will there be a 2025 Bolt?

After nearly being discontinued, the Bolt will return by popular demand! The redesigned 2025 Bolt will feature GM’s excellent new EV platform, which includes the Ultium battery. Unfortunately, the Bolt will be taking a year off before it returns to the market fully redesigned.

What is the problem with the Chevy Bolt production?

However, the Bolt has had its troubles. Chevy had to issue two recalls for the Bolts in recent years over concerns that battery issues could cause the cars to catch fire. Bolt owners were advised to park their vehicles outdoors once the battery was charged.

Does Chevy Bolt have any problems?

Even after this ‘fix,’ the fire problem persisted. In July of 2021, GM told owners to park their Bolts outside away from buildings and not to leave vehicles plugged in to charge overnight. In late 2021, General Motors announced two recalls of all Chevy Bolts EV and EUVs covering model years 2017 to 2023.

What is the life expectancy of a Chevy Bolt?

The battery in the Chevy Bolt EV or Bolt EUV is guaranteed to get at least 8 years or 100,000 miles out of a new battery.