The Chevy Bolt EV and Chevy Bolt EUV together came in second after the Tesla Model 3 among electric vehicles bought for fleet operations during the 13 months from July 2022 through July 2023, according to recent research.
S&P Global Mobility registration data shows the Chevy Bolt outperforming the first-place Tesla in certain fleet types, while the Tesla Model Y was in third place and the Ford F-150 Lightning came in fourth.
Among EV fleet purchases overall, the Tesla Model 3 achieved first place with 28,252 registrations during the study period, accounting for 23 percent of the new electric fleet purchases. The Bolt family, including both the Chevy Bolt EV and EUV, added up to 19,502 registrations during the same 13-month interval and so made up 16 percent of fleet EVs.
These overall figures include both private companies operating fleets of EVs and various branches of the U.S. government. Breaking out government EV registrations shows the Bolt as the clear winner as the fleet EV. The small GM electric crossover made up 39 percent of new government EVs during the period, well ahead of the second-place Ford F-150 Lightning with 15 percent of registrations.
The study notes that “daily rental, corporate, and government fleets” are a new area of growth for EV manufacturers, including GM, as consumer demand for electric vehicles reaches saturation, at least for the time being.
Many of the EVs are offered as a new category of rental vehicle. This serves the double purpose of providing transport and enabling potential EV buyers to try the vehicle type before committing to a purchase. Rentals might be a way to improve sales among women drivers, who are currently considerably less likely than men to buy EVs.
In the case of government fleets, EVs such as the Chevy Bolt are usually picked to meet environmental sustainability plans.
Meanwhile, the Bolt EV continues to be GM’s most successful fully electric model. New sales of the nameplate are approximately 70 percent conquest sales, bringing in owners of non-GM vehicles to buy a Bolt as their first car from The General.