GM’s electric vehicle plans begin to take shape with new lower-priced Chevy Bolts – By Michael Wayland (CNBC) / MArch 1 2021
- The all-electric Bolts – a redesigned hatchback and a new crossover – will both start at under $34,000.
- The vehicles are expected to be the first in a full lineup of “affordable” EVs as the automaker brings down costs of its next-generation battery technologies.
- Newer EVs from GM such as the GMC Hummer due out later this year start at more than $100,000.
DETROIT – General Motors’ pivot to become an all-electric vehicle company by 2035 is starting to take shape as the automaker prepares to release two Chevrolet Bolt models this summer ahead of a flagship $113,000 GMC Hummer EV pickup later in the year.
The all-electric Bolts – a redesigned hatchback and a new crossover – will both start at under $34,000. They are the beginning of what GM hopes will eventually be a full lineup of “affordable” EVs as the company builds scale to reduce costs of its next-generation electric vehicles such as the Hummer with new battery systems and platforms.
“If you take a look at what the GMC Hummer EV represents and what the Bolt EVs in the body can be represented,” Jesse Ortega, chief engineer of GM’s battery electric vehicle architectures, said during a media briefing. “That gives us really the solid bookends of what we’re capable.”
