General Motors has decided to cease production of the Chevrolet Bolt by the first quarter of 2027. The company has significantly reduced the planned output for the model by approximately 75%, lowering the total expected production to 35,000 units from the initial target of 150,000 vehicles.
The vehicle's market performance has been weak, with only 4,224 units sold in the first half of the year. Projections suggest that total annual sales may fall below 9,500 units. The Bolt features a 65 kWh lithium iron phosphate battery, a 210-horsepower motor, and a maximum range of 262 miles.
The base price for the model is $27,600, plus a delivery fee of $1,395. Analysts point to the loss of federal tax credits, the lack of significant design changes, and minimal marketing efforts as potential reasons for the low demand compared to the popular Equinox EV model.
General Motors previously paused Bolt production to repurpose the Orion assembly plant for electric pickup trucks, but later shifted focus back to internal combustion engine vehicles due to low demand for the Silverado EV and Sierra EV. The Bolt production was subsequently relocated to Kansas.
