Following a revision by the IRS, the US department of Treasury delayed its battery guidance pertaining to what EV manufactures need to build in the US for their vehicles to qualify. BMW X5 xDrive45e. Any future changes are expected to be minor, but we will be sure to keep you in the know. The EUV is longer, wider, and taller than the standard Bolt hatch and comes reasonably equipped with available Apple CarPlay and Android Auto. "We delivered more than 20,000 EVs in the U.S. in the quarter, on the strength of record Bolt EV and Bolt EUV sales and rising Cadillac LYRIQ deliveries," Barra said during an earnings call. Automakers are pouring billions of dollars to On the bright side, the small package is relatively well appointed and lets city drivers zip through traffic and fit in tight parking spaces. "While range and price are compelling, the design, size and slow charging speeds never quite caught on with consumers, and a series of recalls due to fire hazards likely also made an impact.". Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Heres why Sign up for free newsletters and get more CNBC delivered to your inbox. Barra's comments about the vehicle getting axed were as swift as a butcher cutting the head off a chicken but spoke volumes when combined with the company's plans to churn out profitable electric vehicles in the years ahead. Production of the Chevrolet Bolt EV and Bolt EUV electric cars at the plant in Orion Township, Michigan will come to an end in late 2023. The all-electric 2023 Chevrolet Bolt EV subcompact car can run for 259 miles on a single charge. GM reportedly spent $1.8 There's irony in the timing of the Bolt getting axed. You might try going back or home. Related Articles You can now join the EV tax credit party again. According to the plan, the company will stop production of Bolts in Orion Township, Michigan before the end of 2023. That Ultium ramp-up, plus cost efficiencies achieved with the new EV pickups, means margin improvements that the Bolt couldn't have realized, especially in the long term. .css-juhzt8{background-color:#000000;border:thin solid white;border-radius:0.25rem;color:#fff;display:inline-block;font-family:Interstate,Helvetica,Arial,Sans-serif;font-size:0.70028rem;font-weight:700;letter-spacing:0.05rem;line-height:1;text-align:center;-webkit-text-decoration:none;text-decoration:none;text-decoration-color:inherit;text-decoration-thickness:0.0625rem;text-transform:uppercase;text-underline-offset:0.25rem;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;white-space:normal;width:auto;}@media(max-width: 48rem){.css-juhzt8{padding:0.6rem 1rem 0.6rem;}}@media(min-width: 40.625rem){.css-juhzt8{font-size:0.75rem;line-height:1;}}@media(min-width: 48rem){.css-juhzt8{padding:0.75rem 0.9375rem;}}@media(min-width: 64rem){.css-juhzt8{padding:0.75rem 0.9375rem;}}.css-juhzt8:focus-visible{outline-color:#000000;}.css-juhzt8:hover{color:#000;text-decoration-color:border-link-body-hover;background-color:#DBCA8B;}More on the Feds and the Tax Credit.
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