General Motors Posts Record Chevrolet Bolt EV, Bolt EUV Sales
General Motors posted impressive Q3 sales numbers yesterday for its battery-powered Chevy Bolt EV and its slightly larger Bolt EUV.
Both models sold 14,709 units combined, a record for quarterly sales. GM says demand “outpaced supply," so it has increased production projections for 2023 by 60% compared to 2022.
In response to the high sales numbers on the Bolts and growing demand, GM has shifted production priorities. The company will pause production on the GMC Hummer EV pickup for a few weeks in November to prioritize filling orders on the Silverado EV, which arrives next year. GM says it already has 170,000 reservations for the electric pickup—“and growing.”
Chevy Bolts are among the most affordable EVs on the market with a respectable range—259 miles for the Bolt EV and 247 miles for the Bolt EUV (short for "electric utility vehicle"). Prices for both models have also steadily decreased in recent years, making them increasingly accessible.
The Bolt EV was $37,495 in 2021, $31,995 in 2022, and will be $25,600 in 2023 (starting price). The Bolt EUV launched in 2022 at $33,500 and the 2023 model starts at $27,200.
Chevy also entices buyers by offering free level two charger home installation. “Most EV drivers do at least 80% of their charging at home, and nearly two-thirds of Bolt EV and Bolt EUV retail customers are choosing Chevrolet’s home charging option,” GM says(Opens in a new window).
Although Chevy plans to increase production for next year, Bolts will soon begin to show their age since they are not built on the new Ultium battery platform(Opens in a new window) found on the Silverado EV and the upcoming 2023 Chevy Equinox EV (fall) and Blazer EV (summer). Yesterday’s announcement confirmed these launches are
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