Chevrolet announced the 2017 Bolt EV will make its official public debut in production form at the 2016 Consumer Electronics Show in Las Vegas next month. While we quickly approach the reveal, Bob Lutz, former General Motors executive and “father” of the Chevrolet Volt, recently remarked on the profitability of such a car.
“I no longer have access to General Motors figures, but I would be surprised and shocked if the 200-mile electric Bolt is going to make money. You look at the cost per kilowatt hour of batteries and the number of kilowatt hours they have got in there and then you look at the selling price. It’s just not going to work.”
This comes despite GM product chief, Mark Reuss, stating he believes the 2017 Bolt EV may cost less than $30,000 after federal tax credits. It also follows news of GM only paying $145 per kWh for battery cells from its close-knit companion, LG.
The discussion branched out from an over-arching topic of vehicle programs eating away budgets to appease and satisfy regulators, where other execs commented, saying certain mandates eat away at research and development budgets.
Lutz also blamed projects like the Chevrolet Volt and Chevrolet Bolt for surges in prices on already profitable vehicles, claiming it as an attempt to recoup costs on projects much like electric vehicles and fuel cells.
Lutz called for major collaboration among major automakers to keep the business as profitable as it can be.
“Just do one fuel cell vehicle and have about six companies each participate in the architecture so that at least they might attain a volume of maybe 100,000, so that everybody can have their 5,000 or 6,000, which they’re going to need to comply with California.”