As the race to launch low-cost electric models heats up, GM believes it has the answer. GM’s new North American president said the upcoming next-gen Chevy Bolt EV will be “the most affordable vehicle on the market by 2025.”
If you were disappointed to learn GM was phasing out the iconic little Chevy Bolt EV, you were not alone.
After strong feedback, GM CEO Mary Barra confirmed a next-gen Bolt EV based on its Ultium platform was in the works. Barra said the Ultium-based Bolt will have “an even better driving, charging, and ownership experience.”
GM’s CEO also mentioned the new Bolt will be the company’s first Ultium model to use LFP batteries, which will help keep prices low.
With Bolt production ending last December, GM looks to get its most popular EV back on the market in 2025 to meet the need for lower-cost EVs. With the Bolt accounting for over 82% (+62K models sold) of GM’s EV sales last year, the electric car remains a key piece of GM’s strategy.
Will the new Chevy Bolt be the most affordable EV?
In a recent interview with Automotive News, Marissa West, who took over as GM’s North American president in January, said the company is ” really excited” to get the Bolt back on the market.
According to West, the Ultium-based Chevy Bolt is expected to be the most affordable EV in the US when it launches next year.
West explained, “We’re really excited to get the Bolt with the Ultium architecture underpinnings to have the most affordable vehicle on the market by 2025.”
GM is “going to build on the momentum” it built with the Bolt. Underpinned by its Ultium platform, the Bolt will be “better than ever.” West added, “It will have great styling, it’ll have great range, really good charging time.”
In the meantime, GM is launching a series of new electric models, including the new Chevy Equinox, Blazer, and Silverado EVs, all based on the Ultium platform.
West said the Chevy Equinox EV is another “very critical” piece of GM’s strategy to offer EVs for everyone.
Chevy Equinox EV (see our first drive here) deliveries kicked off earlier this month. However, the base $34,995 1LT model won’t be available to order until later this year.
With the $7,500 EV tax credit, the current Equinox 2LT can be bought for as little as $35,795. Once it hits the market, the 1LT model could be bought for potentially as low as $27,495.
GM has yet to specify pricing for the new Chevy Bolt EV, but it will need to be cheaper than that to be “the most affordable” on the market.
Including discounts, the most affordable EVs in the US in Q1 2024 were the Nissan LEAF ($27,956) and Nissan Ariya ($35,556). Hyundai’s IONIQ 6 was third ($36,506), followed by the Tesla Model 3 ($40,547).
Meanwhile, several automakers, including Ford, Kia, Jeep, and others are promising low-cost EV models coming soon. Other affordable EVs, like the Volvo EX30, starting at $34,950, is expected to hit US showrooms this summer.
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On today’s informative episode of Quick Charge, we’ve got Honda engineers Jason Hwang and Emilio Sanchez to talk us through some of the things that make the GM Ultium-based Honda Prologue EV feel like a real Honda, and why that matters.
Jason and Emilio talk about some of the choices they made to make the Honda Prologue and Acura ZDX feel different from its GM-branded cousins, and explain why this was much more than a case of badge-engineering. Give it a listen, then let us know what you think of the Prologue and ZDX in the comments.
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Learn more by clicking here.
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The first EV charging hub funded by the Charging and Fueling Infrastructure (CFI) Program in the Eastern US is now online in Deerfield, Massachusetts.
The town installed the region’s first DC fast chargers (four ports), along with four Level 2 chargers, at 59 North Main Street in South Deerfield.
These new charging stations, funded with $2.46 million from the CFI program, are conveniently located near Interstate 91 in Franklin County, the most rural county in Massachusetts, which serves drivers from Connecticut up to the Canadian border.
The hub also features local and regional bus stops and designated bike lanes with secure onsite bike racks. The chargers are meant to cater to everyone: from local residents and visitors to municipal EVs and commercial vehicles that service the region’s businesses, like those in food and beverage manufacturing.
Gabe Klein, executive director of the Joint Office of Energy and Transportation, sees this as a model for future projects:
Multi-modal charging hubs in communities are key to giving more people the choice to ride and drive electric. The Town of Deerfield is showing leadership in building out convenient charging infrastructure that brings new transportation choices to rural and disadvantaged communities while supporting local commerce.
In recent years, Deerfield has experienced increased climate change-driven flooding from nearby rivers, including the Deerfield River, the Connecticut River, and the Bloody Brook. The project incorporates environmental engineering designed to mitigate and adapt to the effects of flooding and climate, including the installation of permeable asphalt and rain gardens, planting of native trees, grasses, and shrubs, and the creation of new greenspace in the center of Deerfield.
The Biden-Harris administration’s CFI Grant Program is expanding EV infrastructure nationwide. It offers grants for projects that complement and expand upon the initiatives of the NEVI program in urban, rural, and disadvantaged and low-income communities. So far, the CFI Grant Program has allocated over $1 billion to nearly 100 projects across the US, encouraging private investments and expanding the EV charging network to make EV ownership more practical and convenient.
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Kia’s upcoming EV4 electric sedan was just spotted testing in the US for the first time. The low-cost EV is expected to make its big debut by the end of the year. Here’s a look at the new model.
The EV4 will round out Kia’s new “EVs for all” master plan launched last year. Kia showcased three new models, the EV3, EV4, and EV5, during its first annual EV Day in October 2023.
During the event, Kia outlined its new global strategy to “lead and accelerate the EV revolution” with a wide range of models priced from $30,000 to $80,000.
Kia plans to rapidly expand its lineup with a series of smaller, lower-priced models. It launched the EV9, its first three-row electric SUV, which is already proving to be a hot seller in the US. Starting at under $55,000, the EV9 is still a great deal compared to others in its class, but Kia plans to go even lower.
The EV3 and EV4 are expected to be among the most affordable electric vehicles when they arrive in the US.
Kia’s new EV4 is now testing in the US
Ahead of its official debut, Kia’s new EV4 sedan was recently caught driving on US streets for the first time.
The latest image from KindelAuto doesn’t reveal much more than what’s been shown in the past, but the fact that it’s now testing in the US is significant.
Kia’s EV3 is already on sale in Korea, starting at around $30,000 (42.08 million won). Earlier this week, the company said its new compact SUV is now available across Europe, starting at around $38,000 (36,000 euros) with a “segment-leading range” of up to 375 miles (WLTP).
Next up will be the EV4. Kia is expected to officially reveal the new EV by the end of the year, with deliveries starting in 2025. It could be as soon as next week at the 2024 LA Auto Show.
The interior will feature Kia’s advanced new ccNC infotainment system with dual 12.3″ navigation and driver display screens. An otherwise minalimalistic design is expected inside.
Kia’s EV4 will also be available in a hatchback variant. Although the hatch is likely aimed at European buyers, it was also recently spotted testing in the US for the first time.
We will learn official prices closer to launch, but the EV4 is expected to start at around $35,000 to $40,000.
Kia is teasing five new vehicles for the US, at least one being a new EV, that will debut at the LA Auto Show next week. Will it be the EV3? EV4?
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