Why is Chevy Bolt discontinued?

Why is the Chevy Bolt discontinued?
The Chevy Bolt is being discontinued for several reasons. One of the main factors is that the Bolt had never sold as well as General Motors (GM) had originally hoped. However, a series of price cuts and the addition of a roomier crossover-like “EUV” variant in 2021, combined with American consumers’ growing interest in electric vehicles (EVs), led to a surge in Bolt sales in its final years.
Another reason for discontinuing the Bolt is that GM has been launching a new generation of EVs on its next-gen Ultium platform. The goal of this platform is to make building EVs cheaper with better battery technology, shared components, and simplified production. The Bolt and Bolt EUV still use a modified, bespoke platform from 2016 with costly batteries. GM needed the plant where the Bolt was produced for other EVs, specifically the Chevy Silverado EV and GMC Sierra EV pickups.
Despite the discontinuation of the current Bolt, GM plans to keep the Bolt nameplate alive. They are working on a revamped model that will incorporate technologies from their new Ultifi software platform, allowing over-the-air software updates and opening doors to in-car subscription services. GM aims to leverage the Ultium technology to reduce costs and get an affordable vehicle into the marketplace.
In summary, the discontinuation of the Chevy Bolt is due to its underwhelming sales performance, the launch of GM’s new generation of EVs on the Ultium platform, and the need for production capacity for other EV models.

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.

Why is Chevy killing the Bolt?

There was good reason why GM planned to phase this out. It’s an older platform with slow charging speeds and sales had been slow for a number of years. There were already new models in line that were expected to compete in similar price range that had much more modern technology.

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.

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.

What is replacing the Chevy Bolt?

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).

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.

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.

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.

How many Chevy Bolts have caught fire?

GM said 19 Bolts have caught fire. The recall covers all Bolts made from 2017 to 2022, including one owned by Stephanie Nabry of Adams Township, Butler County. She bought the car for her daughter, Jada.

Why is Chevy Bolt EUV being discontinued?

This was compounded by recalls in 2020 and 2021 due to fire concerns related to defective batteries from suppliers and manufacturers alike. Reports indicate that at least a dozen Bolts experienced spontaneous fires due to this issue.