GM to increase Chevy Bolt EV and EUV production on record Q3 sales

bolt korea
Credit: GM

Even though the Chevy Bolt EV and EUV were involved in a massive recall over potential battery fires this year, demand for the two electric vehicles has been brisk.

Following a price drop to reignite sales, more Bolts were sold in the third quarter of 2022 than ever before.

According to figure released by General Motors on Monday, a total of 14,709 Bolt EVs and EUVs were sold between July and September, the highest number ever achieved by the two vehicles.

GM said there is “unprecedented demand” for both, likely due to the low prices compared to other EVs on the market today. The base model Bolt EV 1LT starts at just $26,595 USD following a price cut in June, while almost all other EVs are seeing price increases.

Due to the increasing demand, GM will be ramping up production of the Bolt family of EVs. The automaker currently produces 44,000 units per year, a figure which will increase to 70,000 units in 2023.

GM says it will introduce up to 30 new electric vehicles by 2025, but as of today offers less than a handful. The Bolt family made up the majority of the automaker’s EV sales in the third quarter.

The Cadillac Lyriq sold just 36 units, while the Hummer EV registered 411 sales in the three month period.

Those figures should increase in the fourth quarter and in to 2023. GM says Lyriq production will increase before the end of the year, but they will first have to end the stop-sale order and fix an issue with the main display.

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GM also says additional Hummer EV production shifts are planned for 2023.

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