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Chevy Bolt Family Gains Massive Market Share During Q1 2023

Chevy Bolt family sales increased in the United States and Canada during the first quarter of 2023, while recording nine deliveries in Mexico, 22 in Brazil, 43 in Colombia, and 197 in South Korea. As a reminder, the Bolt family includes the Chevy Bolt EV and the slightly larger Chevy Bolt EUV, though GM sometimes only offers one of the two models in international markets.

Chevy Bolt Sales – Q1 2023 – United States

Cumulative deliveries of the Chevy Bolt family in the United States increased to 19,700 units in Q1 2023, comprised of:

  • 6,892 units of the Bolt EV compared to 72 units sold in Q1 2022 and
  • 12,808 units of the Bolt EUV compared to 286 units sold in Q1 2022

Sales Numbers - Chevy Bolt - Q1 2023 - USA

MODEL Q1 23 / Q1 22 Q1 23 Q1 22
BOLT EV +9,472.21% 6,892 72
BOLT EUV +4,378.47% 12,808 286
TOTAL +5,402.94% 19,700 358

Chevy Bolt Sales – Q1 2023 – Canada

Deliveries of the Chevy Bolt EV in Canada increased to 2,982 units in Q1 2023 compared to 103 units in Q1 2022.

Sales Numbers - Chevy Bolt - Q1 2023 - Canada

MODEL Q1 23 / Q1 22 Q1 23 Q1 22
BOLT EV +2,795.43% 2,982 103
TOTAL +2,795.43% 2,982 103

Chevy Bolt Sales – Q1 2023 – Mexico

There were nine deliveries of the Chevy Bolt EUV in Mexico during Q1 2023. The Bolt EV is not sold in Mexico.

Sales Numbers - Chevy Bolt - Q1 2023 - Mexico

MODEL Q1 23 / Q1 22 Q1 23 Q1 22
BOLT EUV * 9 *
TOTAL * 9 *

Chevy Bolt Sales – Q1 2023 – Brazil

There were 22 deliveries of the Chevy Bolt EV in Brazil during Q1 2023 compared to one unit in Q1 2022. The Bolt EUV is not sold in Brazil.

Sales Numbers - Chevy Bolt - Q1 2023 - Brazil

MODEL Q1 23 / Q1 22 Q1 23 Q1 22
BOLT EV +2,100.00% 22 1
TOTAL +2,100.00% 22 1

Chevy Bolt Sales – Q1 2023 – Colombia

There were 43 deliveries of the Chevy Bolt EUV in Colombia during Q1 2023. The Bolt EV is not sold in Colombia.

Sales Numbers - Chevy Bolt - Q1 2023 - Colombia

MODEL Q1 23 / Q1 22 Q1 23 Q1 22
BOLT EUV * 43 *
TOTAL * 43 *

Chevy Bolt Sales – Q1 2023 – South Korea

There were 197 cumulative deliveries of the Chevy Bolt family in the South Korea in Q1 2023, comprised of:

  • 18 units of the Bolt EV and
  • 179 units of the Bolt EUV

Sales Numbers - Chevy Bolt - Q1 2023 - South Korea

MODEL Q1 23 / Q1 22 Q1 23 Q1 22
BOLT EV +1,700.00% 18 1
BOLT EUV * 179 *
TOTAL +19,600.00% 197 1

This is the 2023 Chevy Bolt EUV all-electric subcompact crossover and slightly larger sibling to the Chevy Bolt EV. Shown is the Premier trim with the Redline Edition package.

Competitive Sales Comparison (USA)

Chevy Bolt family sales continued to rebound during Q1 2023, moving 19,700 units for a commanding 43 percent segment share, way up from extremely low volume a year ago as a result of the battery recall, associated stop-sale, and production stoppage stemming from some vehicles catching on fire.

Bolt EV sales accounted for 6,892 units to place third in the segment while the Bolt EUV led the segment with 12,808 deliveries. The Volkswagen ID.4 took second place with a 254 percent leap to 9,758 units. The Hyundai Ioniq 5 placed fourth with an eight percent slip to 5,736 units, followed by the Ford Mustang Mach-E (see running Ford Mustang Mach-E sales) in fifth place with 20 percent slide to 5,407 units. The Kia EV6, the Ioniq 5’s corporate cousin and platform mate, took sixth with 36 percent dip to 3,392 units. The new Nissan Ariya saw 2,860 deliveries, while the Nissan Leaf rounded out the list with a 46 percent drop to 2,354 units.

Sales Numbers - Mainstream EV Passenger Cars - Q1 2023 - USA

MODEL Q1 23 / Q1 22 Q1 23 Q1 22 Q1 23 SHARE Q1 22 SHARE
CHEVROLET BOLT EUV +4,378.47% 12,808 286 26% 1%
VOLKSWAGEN ID.4 +254.19% 9,758 2,755 20% 11%
CHEVROLET BOLT EV +9,472.21% 6,892 72 14% 0%
HYUNDAI IONIQ 5 -8.14% 5,736 6,244 12% 24%
FORD MUSTANG MACH-E -19.71% 5,407 6,734 11% 26%
KIA EV6 -35.77% 3,392 5,281 7% 21%
NISSAN ARIYA * 2,860 * 6% 0%
NISSAN LEAF -46.14% 2,354 4,371 5% 17%
TOTAL +91.15% 49,207 25,743

From a segment share standpoint, the Bolt EUV posted a 26 percent share while the Bolt EV earned a 14 percent share, resulting in a 40 percent segment share. The ID.4 posted a 20 percent segment share, followed by the Ioniq 5 with 12 percent and the Mustang Mach-E with 11 percent. The EV6 posted a seven percent share, while the Ariya and Leaf held shares of six and five percent, respectively.

The mainstream EV segment accounted for 46,347 deliveries during Q1 2023, growing a healthy 80 percent year-over-year, meaning Bolt family sales significantly outperformed the segment average.

The two Chevy Bolt models compete in the mainstream electric vehicles (EV) passenger cars segment, in which we currently include all mainstream (non-luxury) BEVs including crossovers, hatchbacks, and sedans. As more EVs enter the market, there will enough similar vehicle types competing against each other to warrant a specific segment. At that time, we will break these out for more specific sales comparisons. Beyond the mainstream EV segment being discussed here, the remaining EV segment is the premium EV market that contains models from Tesla, Audi, Porsche, BMW, Mercedes-Benz, Lucid, Cadillac, Jaguar and Genesis. Accordingly, we are not including Tesla models in the mainstream EV passenger car segment sales analysis, since they are premium/luxury models.

It’s also worth noting that Hyundai and Kia offer electric vehicles that also include variants with an internal combustion engine (ICE) and/or hybrid (HEV) and/or plug-in hybrid (PHEV) version. That includes the Hyundai Kona and Hyundai Ioniq (without a number), along with the Kia Niro. Consequently these models do not offer a direct comparison to the Chevy Bolt family. As a result, these particular Hyundai and Kia models are now no longer included in our analysis. A related Hyundai model, the similarly named Ioniq 5, is all-electric, replacing the original Ioniq.

The GM Authority Take

Chevy Bolt sales commanded the segment in Q1 2023 with a 40 percent share, continuing to rebound over a year after GM recalled, issued a stop-sale order, and paused production of both the Chevy Bolt EV and Chevy Bolt EUV due to a handful of vehicles catching fire from a battery-related defect. Sales of the duo have now recovered as production and availability have recovered, enabling the duo to lead the mainstream EV segment again for a third quarter in a row.

About Bolt EV

The 2023 Chevy Bolt EV receives only minor changes over the 2022 Chevy Bolt EV.

In November, the Chevy Bolt EV received the 2023 U.S. ALG Residual Value Award along with two more models from GM – the 2023 Chevy Silverado 2500 HD and 2023 GMC Hummer EV Pickup.

However, in March the Chevy Bolt EV and Chevy Bolt EUV ranked significantly below the segment average in the J.D. Power 2023 U.S. EV Experience Ownership Study. Additionally, Chevy took last place in the J.D. Power 2023 U.S. Electric Vehicle Experience Home Charging Study, which measures customer satisfaction with permanently mounted Level 2 home electric vehicle charging stations.

Furthermore, in April the Chevy Bolt EV was recognized as a 2023 AAA Car Guide winner by the Automobile Association of America in its small vehicle category.

Just this month, Kelley Blue Book reported that the 2023 Chevy Bolt EV and Bolt EUV are the least expensive EVs to own over the span of five years in their respective category.

About Bolt EUV

The 2023 Chevy Bolt EUV gets notable changes over the inaugural 2022 Chevy Bolt EUV, namely a new Redline Edition and limited expansion of Super Cruise driving coverage.

Last fall, the Chevy Bolt EUV received top marks from the National Highway Traffic Safety Administration (NHTSA), specifically a five-star Overall Safety Rating, the highest score awarded by the agency.

However, in March the Chevy Bolt EV and Chevy Bolt EUV ranked significantly below the segment average in the J.D. Power 2023 U.S. EV Experience Ownership Study. Additionally, Chevy took last place in the J.D. Power 2023 U.S. Electric Vehicle Experience Home Charging Study, which measures customer satisfaction with permanently mounted Level 2 home electric vehicle charging stations.

Furthermore, in December Kelley Blue Book voted the 2023 Bolt EUV as the best new EV priced under $35,000.

Just this month, Kelley Blue Book reported that the 2023 Chevy Bolt EV and Bolt EUV are the least expensive EVs to own over the span of five years in their respective category.

In the biggest news yet, GM just announced that the 2023 Chevy Bolt EUV set a 560-mile range world record in Brazil where it was recently launched.

Both the Bolt EV and Bolt EUV ride on the GM BEV2 platform and utilize the same single-drive electric motor, which produces 200 horsepower and 266 pound-feet of torque, driving the front wheels. It’s fed by a 65 kWh lithium-ion battery, which provides 259 miles of range per charge for the Bolt EV and 247 miles for the Bolt EUV.

The Chevy Bolt EV and Chevy Bolt EUV currently serve as GM’s entry-level all-electric vehicles, offering zero local emissions and surprising practicality, all at an affordable price point. Now, the automaker has confirmed that production of the Bolt EV and Bolt EUV will officially come to an end later this year. The announcement confirms a GM Authority exclusive published this past January.

2024 Chevy Blazer EV SS and 2024 Chevy Equinox EV 3LT

Meanwhile all-new electric crossovers are coming from Chevy, namely the first-ever 2024 Chevy Equinox EV and first-ever 2024 Chevy Blazer EV.

The EV market is in flux as old models go while new ones arrive. In the meantime, however, GM has two sales champs on its hands with the two Chevy Bolt models.

About The Numbers

Vince grew up in a GM family, likes manuals, and thinks this is the golden age of the automobile.

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Comments

  1. It’s a shame GM is killing these off, just like they did with the Volt!

    Reply
    1. The difference is GM will be making the Equinox EV which is better than thew Bolt in every way. The only issue I see with the Equinox EV will be availability especially in the lower trim levels initially.

      Let’s not forget the Bolt is going on 8 years old. The mid cycle refresh was late because of the battery fires and pandemic.

      Reply
      1. theflew: Total BS. Tell us why the Bolt is not a good vehicle? Tell us why the Equinox EV “is better than the Bolt in every way”? In what way? Because it’s an SUV? Not only that, but when the Nox EV does show up, you will not be able to find one anywhere for that magic 30 grand number. No way no how.

        I’m tired of people who know nothing about the Bolt saying how it’s just old, not competitive and it doesn’t have the tech. Total BS. Not long ago someone put the link on here for an EV challenge in Colorado where they did a real world test of the Bolt EV vs. Kia vs. Volvo XC40 and a Tesla model 3. Those are some very high tech vehicles, and the Bolt won. I’ve had my Bolt now for 5 months and this thing has surpassed every expectation I had of it. I ordered mine with the base model and two packages plus the all weather mats. Total MSRP was just over 28 grand. If I wanted an SUV EV, I’ll bet the Nox EV will end up being more than 10 grand higher with the same equipment.

        But it doesn’t matter because I will not buy any more GM products. GM has burnt too many bridges behind me over the years.

        Reply
        1. I’ve owned two Bolt EVs, 2017 and 2020. Before that a 2012 Volt. I have a Cadillac Lyriq Luxury 3 AWD on order. Also I plan on replace my wife’s 2018 Equinox with an Equinox EV next year,

          Reply
          1. Great. Glad to hear that you have owned so many EV’s. So now share why you said what you said above? If what you say is true, then you of all people should know that the Bolt is NOT outdated and it certainly doesn’t lack the tech needed. And why is the Nox EV better? Just because GM put that in a statement saying it’s better?

            Reply
            1. The Bolt has an outdated rear suspension (torsion beam). It has no heat pump so it suffers in cold weather. It’s a hatch back that traditionally doesn’t sell well in the US. It’s front wheel drive only. It’s narrow, so seat comfort isn’t the best. The battery fires gave the Bolt a bad name. Due to the older battery technology/cooling the Bolt fast charges at a rate 3-5x slower than other modern EVs.

              The Equinox EV fixes every issue above. I assume GM will also make an EV smaller than the Equinox EV to align with the Trax. That EV would be closer in size to the Bolt EUV.

              Reply
              1. Thank you for sharing why “you” feel the Bolt is outdated. I will counter:
                1. Who cares if the Bolt has a torsion beam rear suspension? It rides well, handles well, does exactly what it needs to do and all for an affordable price.
                2. No heat pump. Yes, this would be more of an issue for cars in the colder climates. But let’s take Volvo. Not all the Volvo EV’s have a heat pump and it’s an option. You fail to mention that the heat pump is good to help keep better range in colder weather. However, range isn’t the Bolt’s problem. Again, go watch the video on Youtube of the challenge.
                3. Hatch’s don’t sell well? What is an SUV/CUV?
                4. Bolt fires are history and old news. Fast charging? I’ll take having a little slower fast charging for the more affordable price.
                5. The Nox EV will fix all that? Yes, and for a premium price.

                My point in this back and forth is simply that not all people care about and/or want AWD, SUV’s, more power and larger sizes. The Bolt is (was) a great car in many ways and GM decided to give many of us the middle finger. I’m done with them and in return I’ve given GM the middle finger back. Like I said, they have torched too many bridges behind me and I’ve been a super loyal GM guy all my life. But one can only take so much and GM is out to please the rich and not the middle/lower income homes any more.

                Reply
                1. Toyota keeps nameplates and continually improves them while GM, beyond full size trucks, is quick to move on to the next thing regardless of investment or loss. Think of all of the nameplates GM had that were improved and then axed. Obviously the Volt and Bolt are current examples. While, the Bolt is hardly cutting edge, as a basic commuter car with home charging, it excels. Only Hyundai-Kia change nameplates more frequently than GM, generally to dodge Consumer Reports reviews.

                  Reply
    2. I’m pretty sure GM is losing money on every Bolt sold especially after the price cut last year.

      I believe with the Ultium platform, subscription services expected to be offered, and where the Equinox will be built (Mexico), it is expected to pull a profit.

      Reply
      1. You have to define losing money. I’m sure the Bolt cost less to make than they sell it for. Now are they going to recoup all the money they put into the Orion factory, design and development costs, etc.? That’s a different question and for each Bolt sold that number gets reduced. Also, you have to understand how they amortized the cost. When they change the factory over for Silverado EV production some of the costs associated with the Bolt make the transition to the Silverado EV cheaper. For example, instead of it costing $2 billion in upgrades it might cost $1.5 billion. Maybe that’s why they choose the Orion plant versus another plant.

        Reply
  2. Forgive my skepticism. I don’t think we will see showrooms with EVs in this country on a regular basis for at least another five years. There are roughly 20 states that still don’t have an EV equivalency road tax in place. I figure car manufacturers are taking extra time to build in obsolescence or weak spots for after the warranty has expired.

    Reply
  3. I cannot understand why GM is killing off a highly successful vehicle. I am on my my second Bolt, this time the SUV which is slightly larger. In the warm weather it gets 300 miles range. Also, the car is a pleasure to drive and has more of the extras on it than some model Teslas. Like another commentor, I will not being doing business with GM once I decide to change cars. They have burned too many bridges with me — including the battery exchange on a brand new car, which although done well, was inconvenient and annoying.

    Reply
  4. Chevrolet can go to hell. I’m not interested in either the Blazer or Equinox ev. They are larger and more costly. **** both of those. I’d buy a BYD vehicle before I would buy any of their tol expensive replacements.

    Reply
  5. What is the point of reporting EV sales numbers without referencing Tesla’s numbers?

    Reply
    1. The sales figures we see in such articles are reported by the dealearships association. Tesla doesn’t have dealership, hence are not included in the sales stats by said association.

      Reply
      1. Tesla does have dealerships. Cincinnati, Columbus, etc. Bought my Tesla from a dealership in 2020.

        Reply
  6. GM creates mythical segments (mainstream EV) to exclude Tesla, so it can claim 40% market share.

    Reply
    1. The sales figures we see in such articles are reported by the dealearships association. Tesla doesn’t have dealership, hence are not included in the sales stats by said association.

      Reply

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