GM will stop manufacturing the Chevy Bolt and Bolt EUV to focus on pickup EVs.
The company aims to sell 1 million EVs by 2025.
GM will gradually slow production until it completely stops by the end of 2023.
- The company plans to deliver 150,000 EVs this year, around half of which will be Bolt and Bolt EUV vehicles.
- To entice consumers, Chevy cut prices on the Bolt by $6,000, dropping its price to $26,000 before tax credits.
- The move made it one of the cheapest vehicles available for consumers.
- The model was plagued with controversy, as 142,000 Bolt vehicles were recalled due to a fire issue.
- The company plans to introduce a cheaper version of the Chevy Equinox small SUV that costs around $30,000.
