Overview

• GM will end production of the Chevy Bolt EV and EUV, its first affordable electric vehicle, by the end of 2023.
• The plant that builds the Bolt will shift to producing electric trucks as GM focuses on new EVs using its Ultium battery platform.
• The decision removes one of the most affordable EVs from the market but new, lower-cost models are coming.
• GM delivered over 20,000 EVs in the U.S.last quarter and aims to sell 400,000 EVs in North America through mid-2024.
• The move shows GM pivoting to higher-volume, higher-profit EVs like the Silverado and Hummer as it works to become a leader in electrification.