According to a recent report from Reuters, GM said that it would boost Bolt production for global markets to 70,000 units in 2023 from roughly 44,000 units for 2022. The production increase for the Chevy Bolt EV and Chevy Bolt EUV coincides with further production increases for other GM EV models, including the Cadillac Lyriq, while a slew of new GM EV models are now headed down the pipe, including the Chevy Silverado EV, Chevy Blazer EV, and Chevy Equinox EV.
The Chevy Bolt EV recently posted its best quarterly sales ever at 14,709 units for Q3 of the 2022 calendar year, a massive 576.58-percent sales increase compared to the same time period in 2021.
Sales Numbers - Chevy Bolt - Q3 2022 - USA
|MODEL||Q3 22 / Q3 21||Q3 22||Q3 21||YTD 22 / YTD 21||YTD 22||YTD 21|
Notably, Chevy Bolt sales were nearly non-existent late last year due to multiple recalls and stop-sale orders for both the Bolt EV and EUV, which were issued as a result of multiple vehicle fires tied to a defect in the models’ battery pack. GM ended up recalling all units of the Chevy Bolt EV and Bolt EUV in order to address the issue by replacing the potentially defective battery packs with new components.
As reported by Reuters, GM’s EV efforts still make up only a small portion of the automaker’s total vehicle sales, with an estimated 1.4 percent of GM’s 1.65 million U.S. vehicles sold through the first nine months of the 2022 calendar year being either a Chevy Bolt, GMC Hummer EV, or Cadillac Lyriq. Moving forward, GM has partnered with LG Energy to construct several new battery production facilities in the U.S., the first of which, located in Ohio, began production last month.