The American market is losing its most affordable EV, as the best selling non-Tesla electric vehicle is going out of production.
The Bolt starts at just under $27,000 before federal and state electric vehicle incentives, making it the cheapest way to get into a new EV in the United States.
Workers assemble Chevy Bolt EV cars at the General Motors assembly plant in Orion Township, Michigan, Nov. 4, 2016."When the Bolt goes out of production, the American market will have lost its last affordable EV," said Ed Niedermeyer, an auto industry analyst. The next cheapest electric car on sale is the Nissan Leaf S, which has an EPA-estimated range of 149 miles on a charge. That's more than 100 miles short of the Bolt's 259-mile range.
The Bolt was also developed before GM rolled out its "Ultium" platform - an electric vehicle architecture that underpins everything from GMC's Hummer EV pickup truck to a midsize Cadillac SUV called the Lyriq. The company says more affordable Ultium-based Chevy EVs are going to launch soon, including an electric Equinox SUV that's expected to start around $30,000. Even still, Niedermeyer says price remains a hurdle for wide-scale EV adoption.
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