GM Plans to End Production on Chevy Bolts

General Motors has announced it is planning to end production on the Chevrolet Bolt and Bolt EUV electric vehicle by the end of the year, the Detroit Free Press reports.

Over 70,000 Bolts will be produced in 2023 before production ends. According to CEO Mary Barra, the move is meant to make way for production of the 2024 Silverado EV pickup next year at the company’s Orion Assembly plant in Michigan.

Barra told Wall Street analysts that the company plans to manufacture 600,000 electric trucks per year eventually, and the Orion plant is a big step toward that goal, being considered “a key driver for GM to have capacity to produce more than one million EVs in 2025 in North America.”

“GM is ripping the band-aid off on the Bolt and betting on the future of EVs around the Lyriq, Hummer, Blazer, Silverado and other parts of its transformation,” stated Dan Ives, an analyst with Wedbush Securities. “The EV baton is being handed to the future of GM. It's a smart move.”