GM sales figures reveal that the Chevy Bolt EV and Chevy Bolt EUV are currently among the best-selling vehicles in Canada, outperforming many other popular models during the first half of calendar 2023.
Among top-selling models, only The General’s mainstay full-size pickup trucks – the GMC Sierra and the Chevy Silverado – plus the GMC Terrain crossover outsold the Chevy Bolt EV and EUV, as the following table shows:
|Chevrolet Bolt EV/Bolt EUV||6,871|
|GMC Yukon/Yukon XL||5,381|
The two variants of the Chevy Bolt placed fourth in H1 calendar 2023 sales, outperforming a number of popular models. These include small crossovers like the Chevy Equinox and Chevy Trailblazer as well as the GMC Yukon full-size SUV.
By contrast, the Chevy Bolt doesn’t even appear on the top 10 list of best-selling GM models in the U.S. regardless of the availability of the EV tax rebate, This is despite the Bolt family dominating the mainstream EV passenger car segment in the U.S. with 40 percent segment market share in the first quarter (Q1) of 2023.
In Canada, EVs such as the Chevy Bolt sell much better in certain provinces than in others, depending on the available provincial EV incentives. These stack with the $5,000 maximum federal EV incentive as the table below shows:
|Maximum Provincial Incentive||Maximum Federal Incentive||Maximum Stackable Incentive|
|Newfoundland & Labrador||$2,500||$5,000||$7,500|
|Prince Edward Island||$5,000||$5,000||$10,000|
While Chevy Bolt sales are eclipsed by many other models in the U.S., GM is unable to keep up with demand for the compact EVs in Canada. Waiting lists for the Bolt are so long that some Canadian dealers have been transferring Chevy Bolt EV and Chevy Bolt EUV reservations into Chevy Equinox EV reservations.
Canadian Chevy Bolt prices are shown in the third table below, illustrating that in some provinces stacked EV incentives can account for as much as 30.8 percent of the price of a new Chevy Bolt LT.
|MSRP||Destination Freight Charge||A/C Tax||Dealer Fees||Total|
|Bolt EV LT||$38,943||$1,800||$100||$699||$41,542|
|Bolt EUV LT||$40,548||$1,800||$100||$699||$43,147|
|Bolt EUV Premier||$44,048||$1,800||$100||$699||$46,647|
GM is planning to discontinue the Chevy Bolt family following the 2023 model year, with production of the 2023 Chevy Bolt EV and 2023 Chevy Bolt EUV currently scheduled to end on November 7th, 2023 at the GM Lake Orion plant in Michigan. The plant will then complete its retooling to support production of the Chevy Silverado EV.
While production of the Chevy Bolt nameplate is soon to wrap up, GM is producing a high number of the compact EVs before the last unit rolls off the assembly line. The General plans to produce 70,000 Chevy Bolt units in calendar 2023, a 59 percent boost from the 44,000 vehicles built in calendar 2022.
As GM Authority previously learned, the last order cycle for the Chevy Bolt starts on Thursday, August 17th, with only a few days available during which final orders can be placed. However, the GM CEO Mary Barra left open the possibility the model will return in the future as a next-generation Chevy Bolt powered by Ultium-branded third-generation EV technology.
As a reminder, the 2023 Chevy Bolt EV and 2023 Chevy Bolt EUV are both equipped with a 65 kWh battery pack, which supplies energy to the front-mounted electric motor. Total output is rated at 200 horsepower and 266 pound-feet of torque, while both models utilize the GM BEV2 platform for structure.