Why was Chevy Bolt discontinued?

Why the Chevy Bolt Was Discontinued
The decision to discontinue the Chevy Bolt was influenced by several factors, including the introduction of a replacement model, sales performance, and the need to retool production facilities for other vehicles.
General Motors CEO Mary Barra hinted at plans to replace the Bolt EV with an Ultium-powered vehicle to slot below the Equinox, indicating a move from a second generation to a third generation of the vehicle. The Bolt had never sold as well as GM had originally hoped, but a series of price cuts and the addition of a roomier crossover-like “EUV” variant in 2021, combined with growing interest in EVs, led to a sales surge in its final years.
Despite the discontinuation, the Bolt nameplate could return at some point, and GM plans to leverage the Ultium technology to build an affordable vehicle and meet strong consumer demand for the Bolt . Additionally, the decision to discontinue the Bolt was influenced by the need to retool the production facilities for electric versions of GM’s Chevrolet Silverado and GMC Sierra pickup trucks.
The discontinuation also comes after the Bolt’s production and sales reached record levels, indicating that the decision was influenced by a combination of factors, including the need to focus on scaling up more cost-effective in-house battery production and the forthcoming next-generation EVs.
In summary, the decision to discontinue the Chevy Bolt was influenced by plans for a replacement model, sales performance, the need to retool production facilities, and the focus on scaling up in-house battery production for next-generation EVs.

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 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 was wrong with Chevy Bolt batteries?

There was one battery issue with the Bolt. A faulty robot in the LG Chem manufacturing plant occasionally mis-folded a tab on a battery pouch, which could result in a short circuit and fire. A dozen or so of the 180k Bolts made up to then burned down because of that.

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.

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.

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.

Why is the Chevy Bolt being discontinued?

Size Matters: The Chevy Bolt And Bolt EUV Were Too Tiny
Although the Bolt EUV can accommodate five people comfortably, its size may have been one of the reasons for its downfall, as it is small relative to other cars on the road today.

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 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 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.