The Chevy Bolt isn’t the most exciting or wacky electric car on the market, it’s not a Tesla or the Ford Mustang Mach-E. However, it is the electric vehicle that I see most often on the roads around me, in addition to all the Tesla models. It’s exciting and exhilarating to watch, even if the car never made the back of my neck tingle.
One thing the Bolt has in common with the Mach-E is that, love it or not, its sales are pretty weak. That’s not going to change, because it’s a class of vehicle that just isn’t that popular in America. However, the good news is that things are looking up for the little Bolt EV.
In the first quarter of 2021, Chevy Bolt EV sales were up 53.7% over its sales in the first quarter of 2020. In fact, it was the best first quarter in Bolt EV history. (Admittedly, it’s not a very long story, but the Bolt EV it was the first long-range semi-affordable electric car in the US market).
The Bolt EV had 9,025 sales in the US last quarter, down from 5,873 sales in the first quarter of 2020. That’s the good news. The bad news is that the Bolt EV had only 9,025 sales in the United States last quarter. Multiply that by 4 and you won’t even hit 40,000 sales a year. Hell, you don’t even make 37,000 sales a year.
It’s not going to cut emissions enough, GM, with fewer than 40,000 EV sales a year in the 2020s. Tesla likely had more than 22,000 Model 3 sales in the first quarter in the US and more than 43,000 first-quarter Model Y sales here. GM needs to understand why its electric vehicle of a similar age does so much worse and how the company could get closer to the Tesla numbers. The electric revolution will not slow down, and a model that has less than 100,000, much less less than 40,000, annual sales will not be seen as a leader for long.
“What about the Bolt EUV? It’s bigger than the little Bolt EV. “Well, we’ll see. …
New Podcast: Electric Vehicle Sales Forecast and Electric Vehicle Battery and Metal Prices – Interview with BloombergNEF Head of Clean Energy Research