https://nighthawkrottweilers.com/

Business

The Chevy Bolt EV is back on the market, months after GM scrapped it




General Motors said it will bring a new model of the Chevrolet Bolt electric vehicle to market at an as-yet-undisclosed future date, reversing a decision three months ago to stop production of the company’s most popular and affordable electric car.

Demand seems to have been the key. “We can’t build enough Bolters right now,” CEO Mary Barra said during the company’s quarterly earnings call.

The vehicle has also been a magnet for bringing new buyers to GM, the company said. About 70 percent of buyers shopping in a vehicle for a Bolt are shopping in a non-GM vehicle, the company said.

GM will bring back the car on an “accelerated timeline,” but said it will announce timing and more details later. Unlike the old Bolt, the new model will include “Ultium and Ultifi technologies,” GM said, referring to its latest battery and software products.

GM is scrapping the Chevy Bolt, its most popular and least expensive electric car

The decision to scrap the Bolt had disappointed some electric car enthusiasts, who lamented the loss of one of the market’s smallest and most affordable electric cars. Sticker price starts at $26,500, and the car also qualifies for a $7,500 federal tax credit.

The Bolt has been a rare example of a new car still priced under $30,000 as new cars get more expensive, pricing many American buyers out of the market.



Source link

Back to top button