GM’s electric star, the Chevy Bolt EV (and EUV), continues to carry the weight for the automaker’s fully electric lineup. Despite sales of the Chevy Bolt EV doubling YOY, numbers are down from the first quarter.
Chevy Bolt props GM EV sales in Q2, but for how long?
General Motors sold 15,652 EVs in the second quarter of 2023. The Chevy Bolt EV and EUV accounted for 13,959 of those.
Although Chevy Bolt sales are up 101% from last year, they are actually down from the first quarter. In the first three months of the year, GM sold 19,700 units, up from 358 in Q1 2022.
The YOY comparison is not exactly fair because the Bolt was recalled, with production resuming last April. Since then, the Bolt has become a top-selling EV model in the US for its affordable price and versatility.
During the automaker’s first quarter earnings call, CEO Mary Barra explained that, despite the models’ progress, “it’s now time to plan to end the Chevrolet Bolt EV and EUV production, which will happen at the end of the year.”
Chevrolet Bolt EUV (Source: GM)
The move comes as GM moves to an all-Ultium-based EV lineup. GM already has two electric models based on the Ultium platform, the Hummer EV and Cadillac Lyriq.
Both the Hummer EV and Lyriq have struggled to gain a footing as GM goes through growing pains.
2023 Hummer EV pickup and SUV versions (Source: GM)
Barra explained during an interview with NBC News last month that battery production is currently holding the automaker back. After selling a total of two Hummer EVs in the first quarter, GM recorded 47 sales in Q2, down 83% from last year.
Meanwhile, Cadillac’s Lyriq isn’t faring much better. GM sold 968 Lyriq models in the first quarter and another 1,348 in Q2 2023.
2024 Cadillac Lyriq models (Source: GM)
With GM phasing out the Bolt EV, the automaker has high hopes for its upcoming Ultium-based lineup. By the end of the year, GM will launch three new Ultium electric models, including the Silverado EV, Blazer EV, and Equinox EV.
Chevy Silverado EV (source: GM)Chevy Blazer EV (source: GM)Chevy Equinox EV (source: GM)
Barra also hinted an Ultium Bolt EV could be in the works, saying, “It’s a very important vehicle in our lineup, so you will have to wait and see what we end up doing” last month.
Electrek’s Take
With GM experiencing battery production constraints, it looks like the automaker is turning to ICE vehicles to fill the gap until its battery plants are up and running.
GM’s first plant in Warren, Ohio, began producing battery cells last fall. The second, in Spring Hill, Tennessee, is expected to come online later this year, while its third, in Lansing, Michigan, is slated to open in 2024. GM revealed plans for its fourth, a $3 billion plant, last month in the state of Indiana.
Altogether, GM expects to have roughly 160 GWh of battery cell capacity when all plants are fully operational, but this won’t be for another few years.
Until then, GM is taking the easy route by filling in the gap with ICE vehicles. Out of the 691,978 vehicles sold in the second quarter, only 15.6K were electric, representing 2.26% of the total. Not exactly impressive for a company that claims to be phasing out gas cars for an all-electric future.
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The HD arm of Hyundai has just released the first official images of the new, battery-electric HX19e mini excavator – the first ever production electric excavator from the global South Korean manufacturer.
The HX19e will be the first all-electric asset to enter series production at Hyundai Construction Equipment, with manufacturing set to begin this April.
The new HX19e will be offered with either a 32 kWh or 40 kWh li-ion battery pack – which, according to Hyundai, is nearly double the capacity offered by its nearest competitor (pretty sure that’s not correct –Ed.). The 40kWh battery allows for up to 6 hours and 40 minutes of continuous operation between charges, with a break time top-up on delivering full shift usability.
Those batteries send power to a 13 kW (17.5 hp) electric motor that drives an open-center hydraulic system. Hyundai claims the system delivers job site performance that is at least equal to, if not better than, that of its diesel-powered HX19A mini excavator.
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To that end, the Hyundai XH19e offers the same 16 kN bucket breakout force and a slightly higher 9.4 kN (just over 2100 lb-ft) dipper arm breakout force. The maximum digging depth is 7.6 feet, and the maximum digging reach is 12.9 feet. Hyundai will offer the new electric excavator with just four selectable options:
enclosed cab vs. open canopy
32 or 40 kWh battery capacity
All HX19es will ship with a high standard specification that includes safety valves on the main boom, dipper arm, and dozer blade hydraulic cylinders, as well as two-way auxiliary hydraulic piping allows the machine to be used with a range of commercially available implements. The hydraulics needed to operate a quick coupler, LED booms lights, rotating beacons, an MP3 radio with USB connectivity, and an operator’s seat with mechanical suspension are also standard.
HX19e electric mini excavator; via Hyundai Construction Equipment.
The ability to operate indoors, underground, or in environments like zoos and hospitals were keeping noise levels down is of critical importance to the success of an operation makes electric equipment assets like these coming from Hyundai a must-have for fleet operators and construction crews that hope to remain competitive in the face of ever-increasing noise regulations. The fact that these are cleaner, safer, and cheaper to operate is just icing on that cake.
With the Trump Administration fully in power and Federal electric vehicle incentives apparently on the chopping block, many fleet buyers are second-guessing the push to electrify their fleets. To help ease their minds, Harbinger is launching the IRA Risk-Free Guarantee, promising to cover the cost of anticipated IRA credits if the rebate goes away.
In the case of a Harbinger S524 Class 5 chassis with a 140 kWh battery capacity with an MSRP of $103,200, the company will offer an IRA Risk-Free Guarantee credit of $12,900 at the time of purchase, bringing initial cost down to $90,300. This matches the typical selling price of an equivalent Freightliner MT-45 diesel medium-duty chassis.
“We created (the IRA Risk-Free Guarantee) program to eliminate the financial uncertainty for customers who are interested in EV adoption, but are concerned about the future of the IRA tax credit,” said John Harris, Co-founder and CEO of Harbinger. “For electric vehicles to go mainstream, they must be cost-competitive with diesel vehicles. While the IRA tax credit helps bridge that gap, we remain committed to price parity with diesel, even if the credit disappears. Our vertically integrated approach enables us to keep costs low, shields us from tariff volatility, and ensures long-term price stability for our customers.”
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Harbinger recently revealed a book of business consisting of 4,690 binding orders. Those orders are valued at approximately $500 million, and fueled a $100 million Series B raise.
Electrek’s Take
Harbinger truck charging; via Harbinger.
One of the most frequent criticisms of electric vehicle incentives is that they encourage manufacturers and dealers to artificially inflate the price of their vehicles. In their heads, I imagine the scenario goes something like this:
you looked at a used Nissan LEAF on a dealer’s lot priced at $14,995
a new bill passes and the state issues a $2500 used EV rebate
you decide to go back to the dealer and buy the car
once you arrive, you find that the price is now $16,995
While it’s commendable that Harbinger is taking action and sacrificing some of its profits to keep the business growing and the overall cause of fleet electrification moving forward, one has to wonder how they can “suddenly” afford to offer these massive discounts in lieu of government incentives – and how many other EV brands could probably afford to do the same.
Whoever is left at Nikola after the fledgling truck-maker filed for Chapter 11 bankruptcy protection last month is probably having a worse week than you – the company issued a recall with the NHTSA for 95 of its hydrogen fuel cell-powered semi trucks.
That complaint seems to have led to the posthumous recall of 95 (out of about 200) Nikola-built electric semi trucks.
The latest HFCEV recall is on top of the 2023 battery recall that impacted nearly all of Nikola’s deployed BEV fleet. Clean Trucking is citing a January 31, 2025 report from the NHTSA revealing that, as of the end of 2024, Nikola had yet to complete repairs for 98 of its affected BEVs. The ultimate fate of those vehicles remains unclear.
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Electrek’s Take
Image via Coyote Container.
I’ve received a few messages complaining that I “haven’t covered” the Nikola bankruptcy – which is bananas, since I reported that it was coming five weeks before it happened and there was no “new” information presented in the interim (he said, defensively).
Still, it’s worth looking back on Nikola’s headlong dive into the empty swimming pool of hydrogen, and remind ourselves that even its most enthusiastic early adopters were suffering.
“The truck costs five to ten times that of a standard Class 8 drayage [truck],” explained William Hall, Managing Member and Founder of Coyote Container. “On top of that, you pay five to ten times the Federal Excise Tax (FET) and local sales tax, [which comes to] roughly 22%. If you add the 10% reserve not covered by any voucher program, you are at 32%. Thirty-two percent of $500,000 is $160,000 for the trucker to somehow pay [out of pocket].”
After several failures that left his Nikola trucks stranded on the side of the road, the first such incident happening with just 900 miles on the truck’s odometer, a NHTSA complaint was filed. It’s not clear if it was Hall’s complaint, but the complaint seems to address his concerns, below.