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Equinox Ev

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business2 years ago

GM's decision to discontinue the Chevy Bolt raises concerns for the future of affordable EVs.

General Motors CEO Mary Barra announced that the company will end production of the Chevrolet Bolt EV and EUV by the end of this year, despite the vehicle's recent success and increased production. GM is focusing on profitable electric vehicles and aims to deliver single-digit profits off its EV portfolio by 2025, when it plans to have a production capacity of 1 million electric vehicles in North America. The company's next-generation EVs, built on a new architecture known as Ultium, are expected to be profitable, unlike the Bolt models. GM will replace the Bolt with the upcoming Equinox EV, starting at around $30,000.