“They’re trying to drum up a little bit of excitement and show that they have some traction in the EV sector as they go into this rollout of this whole new onslaught of EVs,” stated Paul Waatti, an analyst with AutoPacific. “They need to build a little bit of credibility going into that.”
Last yr, GM stated it could make investments $27 billion towards electrical and autonomous automobile improvement and launch 30 EVs by 2025. Today, the automaker’s solely U.S. EV is the Bolt, however GM has a utility model of it coming this yr alongside with the GMC Hummer pickup, adopted by the Cadillac Lyriq in 2022.
Bolt sales rose 26 % in 2020 after greater than doubling to six,701 from October by December. The Bolt was the top-selling EV constructed by a conventional automaker, surpassing the Nissan Leaf by greater than 2,000 automobiles within the fourth quarter.
One of Chevy’s targets final yr was to increase Bolt quantity past California, Steve Hill, vp of Chevrolet, instructed reporters final week.