GM To Cut Prices On EV Chevrolet Bolt Up To 18 Per Cent


GM resumed Bolt manufacturing in April following a big battery recall in August and started resuming gross sales previous this yr.

General Motors Co on Wednesday stated it is going to sharply lower costs on its electrical Chevrolet Bolt after the Detroit automaker had halted gross sales for 6 months following a battery recall.

GM is reducing costs at the Bolt through round $6,000 and through up to 18% for the lowest-price model, which can get started at $26,595, down from $32,495. The Bolt EUV will get started at $28,195 down from $35,695.

“This exchange displays our ongoing want to verify Bolt EV/EUV are aggressive on the market,” GM stated in a remark, including “affordability has all the time been a concern for those cars.” 

The pricing exchange used to be reported previous through the Verge.

GM stated it plans to construct extra Bolt EVs and EUVs this yr than in every other yr because it introduced in 2016. Bolt gross sales in 2021 hit a top of 24,828 cars.

GM resumed Bolt manufacturing in April following a big battery recall in August and started resuming gross sales previous this yr.

The corporate in August widened a recall of the Bolt to greater than 140,000 cars to switch battery modules after a sequence of fires in parked cars, and halted manufacturing and retail gross sales.

GM stated in August it had recalled all Bolt cars constructed since it all started manufacturing.

In April, GM introduced an promoting marketing campaign for the Bolt to win again shoppers following the pricy recall that had stopped manufacturing.

In February, the National Highway Traffic Safety Administration (NHTSA) closed an investigation into the Bolt fires “in view of the recall movements being taken through General Motors” and after reviewed studies of 24 Bolt fires.

GM bought simply 358 Bolt cars within the United States within the first 3 months of 2022, down from 9,025 in the similar duration in 2021, and 99 Hummer EV pickups.

The corporate has been lobbying Congress to increase a $7,500 tax credit score for EV purchases. Both GM and Tesla up to now hit a 200,000 cumulative EV gross sales cap and now not qualify for the credit score not like different automakers.

 (Reporting through David Shepardson; Editing through Bill Berkrot)

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