General Motors has markedly reduced the planned production of Chevrolet Bolt electric vehicles following the withdrawal of federal incentives for electric vehicles last year, according to a union official. The Kansas City-area plant, where the Bolt is manufactured, is now expected to produce approximately 35,000 units before the model’s production ceases in the first quarter of 2024.
Dontay Wilson, president of the United Auto Workers local chapter representing workers at the plant, stated that this figure reflects a 75 percent decrease from the original projection of about 150,000 Bolts. Wilson’s estimate is based on current daily production rates observed at the facility and is not an official figure released by General Motors.
General Motors declined to provide specific comments on the Bolt production numbers but emphasized that it "continuously evaluates market dynamics and customer demand" in its manufacturing decisions.
The production cutback aligns with broader shifts in the electric vehicle market triggered by changes in government policy. The federal government had previously offered support for electric vehicle purchases, which contributed to initial production plans. However, the removal of these incentives has reportedly influenced demand, prompting automakers like General Motors to adjust their output accordingly.
The Chevrolet Bolt, a compact electric SUV, has been one of GM’s key offerings in the electric vehicle segment. The decision to end production in early 2024, coupled with reduced manufacturing volumes, marks a significant change in the model's role within GM’s portfolio amid evolving market conditions and competitive pressures.