In a recent earnings call with investors, General Motors CEO Mary Barra announced the company’s plan to halt production of the Chevy Bolt EV and EUV by the end of 2023. The models currently account for a significant portion of GM’s EV sales, and the company is on track to produce more than 70,000 of them this year, marking a record rate of production.
One of the main reasons for discontinuing the Bolt is its battery cells, which are based on an older design. GM is currently transitioning to its Ultium system, which is set to be used across all of its EV models, to help ramp up the pace of production. The company plans to modify a Detroit-area plant where the Chevy Bolt is made so that it can produce the electric Chevy Silverado and GMC Sierra starting in 2024.
