In an announcement, GM’s CEO Mary Barra confirmed that the Bolt EVs will cease production by the end of 2023 at the Orion Assembly plant, with the focus shifting to manufacturing electric trucks with the advanced Ultium propulsion system. Additionally, Barra stated in a LinkedIn post that GM is having a record-breaking year in deliveries, calling it a “breakout year for GM EVs and the Ultium Platform.”
Since its introduction in 2017, the Bolt EV has been one of the most economical electric cars in the market, with a starting price of $37,495. Last year, Chevrolet reduced the prices of the Bolt EV and Bolt EUV to $26,595 and $28,195, respectively, making them the most affordable electric cars with a relatively long driving range of 259 miles (247 for the EUV), and equipped with a 65-kWh battery pack.
GM raised the price of the Bolt EV and EUV by $900 earlier this year after the reinstatement of the federal EV tax credit of $7,500 under the revised Inflation Reduction Act. However, the 2023 Chevy Bolt EV and EUV remain priced at least half the cost of most other electric cars, except for the Nissan Leaf.