Universal CEO New Bolt EV will return soon with a price below $30,000

New Bolt EV by Universal CEO to return below $30,000

【PhoneAuto News】As a rare affordable electric vehicle in the US market, the General Motors Chevrolet Bolt EV and Bolt EUV will officially cease production at the end of this year. However, recently, General Motors CEO hinted that the new Bolt EV will return soon and will also be positioned as an entry-level electric vehicle.

Chevrolet Bolt EV

Recently, General Motors CEO Mary Barra stated in a podcast interview that she has been driving the Bolt EUV for several months and she really likes it, but the new car uses General Motors’ second-generation Ultium platform. This means that its battery costs have increased by 40% compared to the third-generation Ultium platform. Barra said: “You know, people who drive Equinox today will understand what Equinox electric vehicles are and what they bring to them. However, you also need to know that Bolt has established a lot of user loyalty. But I can’t say more because I don’t discuss future product plans. But the new car is mainly a transition from the second generation to the third generation, which is one of the important models in our product portfolio.”

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Chevrolet Bolt EV

When the all-new, Ultium-based Chevrolet Equinox electric vehicle was announced in early last year, some analysts believed that it would replace the Bolt when it goes on sale in the fall of 2023, with an estimated official price of around $30,000. However, it now appears that this is not the case, and the Bolt EV may return and is likely to remain the most affordable electric vehicle in the US market.

Chevrolet Bolt EV

Currently, the soon-to-be discontinued Chevrolet Bolt EV has a starting price of $26,500 (excluding destination charges) and has an EPA range of 259 miles (417 kilometers). Due to its very high cost-effectiveness, its sales performance in the US market has always been good.

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