GM set an electric car sales record in May. It says the new Chevy Bolt will be the most affordable EV in the US.
General Motors has certainly been tested by the EV revolution. It was fast out of the gate with the Chevy Volt, a surprisingly good plug-in hybrid that first went on sale in December of 2010. Next came the Chevy Bolt, a surprisingly good battery-electric car that went on sale in 2016. The Bolt had an unfortunate issue with battery fires that tarnished its luster somewhat, but that issue was resolved eventually. Both the Volt and Bolt are now out of production.
Nevertheless, General Motors has been feeling the strain of an EV market that is less even and predictable than the auto industry imagined. High interest rates and fears around range and charging may keep more next wave EV adopters away for now. Barra herself has begun admitting that an industry-wide EV transition may actually take decades, and Cadillac has reversed course on phasing out internal combustion by start of the next decade.
At the present time, the most affordable electric vehicle in the US is the Nissan LEAF S, which features a starting MSRP of $29,280 including freight and delivery charges. The more upscale LEAF SV has longer range and a starting price of $37,330. The 2023 Chevy Bolt EV had a starting MSRP of $27,495 including delivery and freight charges when it was phased out at the end of last year.
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