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Chevrolet Bolt EV Sales Jump 36 Percent In Q1 2020

Chevrolet Bolt EV sales increased in the United States, Canada, South Korea and Mexico during the first quarter of 2020. The Bolt EV also tallied 48 deliveries in Brazil during Q1 2020.

Chevrolet Bolt EV Sales - Q1 2020 - United States

In the United States, Chevrolet Bolt EV deliveries totaled 5,873 units in Q1 2020, an increase of about 36 percent compared to 4,316 units sold in Q1 2019.
MODEL Q1 2020 / Q1 2019 Q1 2020 Q1 2019
BOLT EV +36.07% 5,873 4,316

Chevrolet Bolt EV Sales - Q1 2020 - Canada

In Canada, Chevrolet Bolt EV deliveries totaled 969 units in Q1 2020, an increase of about 127 percent compared to 426 units sold in Q1 2019.
MODEL Q1 2020 / Q1 2019 Q1 2020 Q1 2019
BOLT EV +127.46% 969 426

Chevrolet Bolt EV Sales - Q1 2020 - South Korea

In South Korea, Chevrolet Bolt EV deliveries totaled 766 units in Q1 2020, an increase of about 18 percent compared to 650 units sold in Q1 2019.
MODEL Q1 2020 / Q1 2019 Q1 2020 Q1 2019
BOLT EV +17.85% 766 650

Chevrolet Bolt EV Sales - Q1 2020 - Mexico

In Mexico, Chevrolet Bolt EV deliveries totaled 13 units in Q1 2020, an increase of about 30 percent compared to 10 units sold in Q1 2019.
MODEL Q1 2020 / Q1 2019 Q1 2020 Q1 2019
BOLT EV +30.00% 13 10

Chevrolet Bolt EV Sales - Q1 2020 - Brazil

In Brazil, Chevrolet Bolt EV deliveries totaled 48 units in Q1 2020.
MODEL Q1 2020 / Q1 2019 Q1 2020 Q1 2019
BOLT EV * 48 *

Competitive Sales Comparison

Chevrolet Bolt EV sales saw healthy growth during the first quarter of 2020, enabling the small EV to increase its segment share from 15 to 24 percent during the quarter. The growth rate of the Chevy battery-electric car/crossover outpaced that of all rivals, while being one of just two models in the space to see an uptick in sales volume.

The results bump the Bolt EV into second place in the mainstream dedicated electric/electrified vehicle segment, behind the segment-leading Toyota Prius, which commanded 47 percent of the segment share despite a 5 percent decrease in sales volume. The Bolt EV outsold the rest of the segment, including the Hyundai Ioniq in third place, the Nissan Leaf – the Bolt EV’s most direct rival, which saw sales decrease 27 percent, and the Honda Clarity. The rest of the competition was behind by quite a notable margin, including the Toyota Mirai and the discontinued Chevy Volt (see Chevy Volt sales).

Sales Numbers - Mainstream Small Battery Electric & Electrified Cars - Q1 2020 - USA

MODEL Q1 20 / Q1 19 Q1 20 Q1 19 Q1 20 SHARE Q1 19 SHARE
TOYOTA PRIUS -4.77% 11,483 12,058 47% 41%
CHEVROLET BOLT EV +36.07% 5,873 4,316 24% 15%
HYUNDAI IONIQ +6.40% 3,522 3,310 15% 11%
NISSAN LEAF -27.08% 1,958 2,685 8% 9%
HONDA CLARITY -68.37% 1,255 3,968 5% 14%
TOYOTA MIRAI -57.64% 147 347 1% 1%
CHEVROLET VOLT -99.09% 23 2,520 0% 9%
TOTAL -16.93% 24,261 29,204

We should note that Toyota Prius and Hyundai Ioniq sales figures do not exclusively represent battery-electric vehicles, since those models also include Hybrid and Plug-In Hybrid variants of each vehicle. The case is similar for the Honda Clarity, which is available in Plug-In Hybrid, Electric and Fuel Cell variants.

The mainstream dedicated new energy vehicle segment contracted 17 percent to 24,261 units in Q1 2020.

The GM Authority Take

Chevrolet Bolt EV sales volume has always been an area of concern, especially given GM’s strategy to boldly dive headfirst into the electric vehicle space by planning to roll out 20 electric vehicles by the year 2023. But the vehicle’s sales performance during Q1 2020 was certainly a step in the right direction, with the movement being very welcome given the model’s lackluster performance throughout 2018 and even worse in 2019. In fact, the Bolt EV was one of only a few vehicles industry-wide to see sales grow during the first quarter of 2020, a timeframe marred by COVID-19 and its various effects.

But even despite the gains made during Q1 2020, the Bolt’s EV’s sales volume is still low, about half that of the Toyota Prius. Hence, we sincerely hope that this is the beginning of a Chevrolet Bolt EV sales growth streak, or that GM has very concrete info that points to a spike in future EV demand, because the current and historic sales levels exhibited by the Bolt EV are nowhere near enough to make a profit.

About The Numbers

  • All percent change figures compared to Chevrolet Bolt sales for Q1 2019, except as noted
  • In the United States, there were 76 selling days in Q1 2020 and 76 selling days in Q1 2019
  • South Korea sales figures reflect actual vehicle registrations rather than wholesales
  • China sales figures represent retail deliveries and not wholesales
  • Toyota Prius sales include Prius, Prius Prime, Prius c and Prius v
  • Toyota Mirai sales include Mirai fuel cell vehicle
  • Hyundai Ioniq sales include Ioniq Electric, Ioniq Hybrid and Ioniq Plug-In Hybrid
  • Honda Clarity sales include Clarity Plug-In Hybrid, Clarity Electric and Clarity Fuel Cell
GM Q1 2020 sales numbers:
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