General Motors CEO Mary Barra has announced that the automaker plans to end production of the Chevy Bolt EV and EUV at the end of 2023.
Barra in an earnings call on Tuesday, also announced that GM plans to use the capacity at its Orion Township, Michigan, assembly plant to build electric trucks starting in 2024.
The Bolt is one of the cheapest EVs currently on the market, with a starting price of around $24,000 but was always at a disadvantage, built on GM’s older EV platform.
First introduced in 2016, the Chevy Bolt was intended to be the automaker’s first shot at a mass-market purely battery-electric vehicle with 200-plus miles of range and an affordable price tag.
But since the release of the Tesla Model 3 in 2018, Bolt sales have been less than impressive.