What Discontinuing The Bolt Means Depends Heavily On What GM Does Next
Like many other people, I bought a Bolt EUV last year after prices dropped. These price drops were temporary for the 2020-22 model year, but were made permanent for 2023. Then, on top of the price drops, the Bolt Brothers ended up being eligible for some pretty hefty tax incentives for the first part of this year. The end result was a hell of a deal, despite the shortcomings of charging speed compared to more expensive EVs..
On the other hand, we have to keep in mind what GM is actually selling this year. Gas vehicles aside, if you were to stop sales of the Bolt and Bolt EUV, you’d be left with, as Agent K would say,The Hummer EV is a low-volume machine with almost hand-built production levels. Other outlets are trying to be nice when they say Cadillac Lyriq deliveries were “almost 1,000.
When GM discontinues the Bolts and replaces their production space with $50,000+ trucks, it’s a bit like the apocryphal tale of a wealthy princess who was told that the common people didn’t have any bread to eat. The response, “Let them eat cake,” indicates that the princess didn’t understand that people who were too poor to get hold of bread couldn’t just eat some luxury food instead.
If this is the case, and the company has abandoned plans to serve the lower market, it’s a bad sign in general. Nissan also plans to end LEAF production, and then nobody in that income bracket will have access to a new EV. Used EVs probably won’t reach that market segment for years, as demand for them will probably prop up prices.
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