In the next 18 months, GM claims it will introduce two new all-electric vehicles based on experience with the Chevrolet Bolt EV. They will be the first of at least 20 new all-electric vehicles that will launch by 2023, according to GM.
This marketing move obviously ignores the minuscule sales of EVs currently – about 1% of the total market -, and does not bode well for taxpayers as more subsidies seem inevitable to ignite EV sales from the wisp of electrons they are now.
The fate of the existing a taxpayer subsidy via a federal tax credit of up to $7,500 in a thus far failed attempt to make EVs saleable is also unknown in in Chief divider Trump who lives in a magical land of his own. Caveat: actual savings from the federal government depend on individual income and tax brackets, of course, and this applies to all EVs.
Year-to-date GM has sold 14,302 Chevrolet Bolt EVs. During September, Bolt EV had its best month ever with 2,505 retail deliveries and 2,632 totals. Nissan has sold 10,740 Leaf models (+16%) ytd but slid -20% at 1,055 during September.
The 2017 Chevrolet Bolt EV has an EPA-estimated range of 238 miles (383 kM) from its 60-kWh battery pack that is made in Korea. What the future holds depends energy prices, and EV prices – roughly $40,000 or more with options for a Tesla Model 3 or Bolt mid-size car.
However, the larger battery pack in the Tesla pushes the price to, gulp, $53,000. The smaller 2018 Leaf starts debuted last month, and when it arrives on American streets, it’ll have a range of 150 miles, a plethora of optional – emphasis optional – driver assist systems and a starting price below $30,000.
All in all, it’s a conundrum for automakers, policy makers and above all buyers.