A brief explainer of the problem with Bolt EV and EUV batteries

The batteries in the Bolt line of EVs have an older design and chemistry. More recent EV models, such as the GMC Hummer and Cadillac Lyriq, are fitted with GM’s Ultium architecture. The cost of these newer battery packs are nearly 40% lower than those in the Chevrolet Bolt EV.


Quotable: The Chevy Bolt paved the way 

“When the Chevrolet Bolt EV launched, it was a huge technical achievement and the first affordable EV, which set in motion GM’s all-electric future.”

Chad Lyons, a Chevy spokesperson

By the digits: GM’s supercharged electric dreams supercharged

70,000: The number of Bolts that GM plans to produce this year

$24,000: The starting price of the Chevy Bolt, one of the cheapest EVs currently on the market, and one made even cheaper with the Biden administration’s $7,500 EV tax credit. Taking this model off the market will affect the affordability of EVs, but GM has plans to make up for the loss. The company’s upcoming Equinox EV will reportedly have a similar starting price when it arrives this fall.


600,000: The number of electric trucks that will be produced annually when the Orion, Michigan plant, which currently produces Bolts, is retooled to produce the electric Chevy Silverado and GMC Sierra trucks. The facility is slated to be repurposed and reopened in 2024.

3x: The factor by which employment at the Orion plant will increase when it reaches full capacity in 2024


1 million: GM’s target for annual EV production capacity by 2025, as it plays catch-up with Tesla.

Related stories

🖋️ How GM got 5,000 workers to leave their jobs within a month without a single layoff


💸 Why BMW, Nissan, Rivian, Hyundai, Volvo and Volkswagen no longer qualify for Biden’s EV tax credits

🏷️ Why electric cars are getting pricier even as batteries get cheaper

📬 Sign up for the Daily Brief

Our free, fast, and fun briefing on the global economy, delivered every weekday morning.