General Motors and Chevrolet will dismiss any news surrounding the 2017 Chevrolet Bolt EV and its intentions, but former GM executive Bob Lutz thinks the upcoming EV has different intentions than what are being broadcasted.
Lutz specifically called the 2017 Bolt EV a “compliance car” to meet rising zero-emission vehicle standards, especially in states like California, according to Green Car Reports. If the Bolt EV is a compliance car, GM will keep volumes just high enough to keep in line with corporate average fuel economy standards, or CAFE.
Still, GM states the 2017 Bolt EV is expected to reach 25,000 to 30,000 units in its first year of production. However, that’s 10 times the amount of Spark EVs sold last year.
Part of Lutz’s theory also plays into SUVs and pickups. With a vehicle like the Bolt EV, GM is at will to raise prices on its hot-ticket sellers like the Tahoe, Yukon and Escalade, and even the Silverado and Sierra.
Time will tell how the market responds to the Bolt EV, as GM becomes the first automaker to bring a 200-mile plus EV to consumers with an affordable price tag.