GM to end production of Bolt EV by the end of the year

[Top_Fuel]

GM plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company’s first-quarter earnings.

The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company’s electric vehicle sales to date. However, the battery cells in the cars are an older design and chemistry than the automaker’s newer electric vehicles such as the GMC Hummer and Cadillac Lyriq, which utilize GM’s Ultium architecture.

The Bolt models, starting under $30,000, are the least expensive new electric vehicles on sale in the U.S. GM’s upcoming Equinox EV is expected to have a similar starting price when it arrives this fall.

Link to CNBC Article