The 2017 Chevrolet Bolt EV is a highly anticipated vehicle for many communities. Techies welcome the latest cutting edge technology, enthusiasts are intrigued by its capability and greenies can’t wait for an affordable electric vehicle.
While we can only wait and see how consumers actually take to the 2017 Bolt EV and its affordable price tag, Bloomberg reports General Motors will be staring at a potential $9,000 loss per Bolt EV sold.
This comes from individual state mandates stating a percentage of vehicles sold must produce zero emissions. It’s also where terms like “compliance car” get tossed around with the Bolt EV. To ensure those requirements are met to continue doing business, losses are almost always incurred.
It may look bleak in the short term, but in the long run, the Bolt EV could really begin to pay off for GM, specifically through zero emissions credits. The more credits an automaker receives, the more it can sell them off to other automakers in need of them. For example, Tesla made $139 million just by selling off its credits to automakers lagging behind regulations.
How does this actually help? It can recoup costs lost through vehicle sales in a big way. Not to mention, as battery prices tumble and infrastructures expand for EVs, the Bolt EV could do big things to help propel GM’s green credentials.