Key facts
- The Chevrolet Bolt EV, praised for its practicality and affordability, is being phased out by General Motors.
- GM is discontinuing the Bolt to retool its Kansas City plant for production of the Buick compact SUV and Equinox.
- The Bolt has a starting price under $28,000, making it one of the cheapest EVs in the US market.
- The car offers an EPA-estimated range of 262 miles and over 56 cubic feet of cargo space with the rear seats down.
- Despite its popularity, GM's top sellers are larger vehicles like the Silverado truck and Equinox SUV.
General Motors is phasing out the Chevrolet Bolt EV, a vehicle lauded for its practicality and affordability, despite its recent revival due to popular demand. The decision comes as GM reallocates production at its Kansas City plant to focus on larger, higher-margin vehicles like the Buick compact SUV and the Equinox, which are currently GM's top sellers.
The Bolt, first introduced in 2015, has garnered praise for its efficient electric powertrain, compact size suitable for city driving, and surprisingly ample cargo space of over 56 cubic feet with the rear seats folded. It offers an EPA-estimated range of 262 miles and a starting price under $28,000, positioning it as one of the most accessible new EVs on the market.
Despite these advantages, the automotive industry's shift towards SUVs and trucks, coupled with automakers' pursuit of higher profit margins on larger vehicles, has led to the Bolt's discontinuation. A GM spokesperson confirmed that the plant's transition is aimed at meeting demand for these larger vehicle types, signaling the end of the line for the beloved small electric car.