Because the race to launch low-cost electrical fashions heats up, GM believes it has the reply. GM’s new North American president mentioned the upcoming next-gen Chevy Bolt EV will probably be “probably the most reasonably priced automobile available on the market by 2025.”
Should you have been dissatisfied to be taught GM was phasing out the long-lasting little Chevy Bolt EV, you weren’t alone.
After robust suggestions, GM CEO Mary Barra confirmed a next-gen Bolt EV primarily based on its Ultium platform was within the works. Barra mentioned the Ultium-based Bolt could have “a fair higher driving, charging, and possession expertise.”
GM’s CEO additionally talked about the brand new Bolt would be the firm’s first Ultium mannequin to make use of LFP batteries, which is able to assist preserve costs low.
With Bolt manufacturing ending final December, GM appears to get its hottest EV again available on the market in 2025 to satisfy the necessity for lower-cost EVs. With the Bolt accounting for over 82% (+62K fashions bought) of GM’s EV gross sales final 12 months, the electrical automotive stays a key piece of GM’s technique.
Will the brand new Chevy Bolt be probably the most reasonably priced EV?
In a latest interview with Automotive Information, Marissa West, who took over as GM’s North American president in January, mentioned the corporate is ” actually excited” to get the Bolt again available on the market.
In response to West, the Ultium-based Chevy Bolt is anticipated to be probably the most reasonably priced EV within the US when it launches subsequent 12 months.
West defined, “We’re actually excited to get the Bolt with the Ultium structure underpinnings to have probably the most reasonably priced automobile available on the market by 2025.”
GM is “going to construct on the momentum” it constructed with the Bolt. Underpinned by its Ultium platform, the Bolt will probably be “higher than ever.” West added, “It’s going to have nice styling, it’ll have nice vary, actually good charging time.”
Within the meantime, GM is launching a collection of recent electrical fashions, together with the brand new Chevy Equinox, Blazer, and Silverado EVs, all primarily based on the Ultium platform.
West mentioned the Chevy Equinox EV is one other “very crucial” piece of GM’s technique to supply EVs for everybody.
Chevy Equinox EV (see our first drive right here) deliveries kicked off earlier this month. Nonetheless, the bottom $34,995 1LT mannequin gained’t be accessible to order till later this 12 months.
With the $7,500 EV tax credit score, the present Equinox 2LT could be purchased for as little as $35,795. As soon as it hits the market, the 1LT mannequin might be purchased for doubtlessly as little as $27,495.
GM has but to specify pricing for the brand new Chevy Bolt EV, however it’s going to must be cheaper than that to be “probably the most reasonably priced” available on the market.
Together with reductions, probably the most reasonably priced EVs within the US in Q1 2024 have been the Nissan LEAF ($27,956) and Nissan Ariya ($35,556). Hyundai’s IONIQ 6 was third ($36,506), adopted by the Tesla Mannequin 3 ($40,547).
In the meantime, a number of automakers, together with Ford, Kia, Jeep, and others are promising low-cost EV fashions coming quickly. Different reasonably priced EVs, just like the Volvo EX30, beginning at $34,950, is anticipated to hit US showrooms this summer season.
