The Bolt’s battery system has led to serious problems for GM in the past. In 2021, the company recalled every Bolt it had ever made due to a battery manufacturing defect that posed a fire risk, costing the company $1.8 billion to resolve.
Despite the Bolt’s relative affordability, the move to discontinue production may be slightly risky for GM, as the Bolt is the most affordable option for a new EV from a major automaker. However, GM is on track to launch several new EVs later this year, including the Equinox EV, which is expected to start at around $30,000 and could help the company’s prospects.
