General Motors will limit the production of its resurrected Chevrolet Bolt EV to a short run. The company attributes this decision to the elimination of the $7,500 federal EV tax credit. Analysts suggest the vehicle is no longer financially viable for GM without these government incentives.
The original Bolt served as a key conquest tool for the automaker. Approximately 75% of original Bolt owners previously owned non-GM vehicles. The model also drove high brand loyalty, as many owners remained with GM for subsequent purchases.
The decision to curtail the revival creates a significant gap in GM’s entry-level electric vehicle lineup.