Feb 29, 2024

GM says its new Chevy Bolt EV will save billions with more affordable LFP batteries

Posted by in category: futurism

The next-gen Chevy Bolt EV is due out next year after GM ended production of its top-selling electric model at the end of 2023. GM’s CFO Paul Jacobson says the new Bolt EV will save the company billions by becoming North America’s first Ultium-based model to use LFP batteries.

After EV enthusiasts like myself were disappointed to learn GM planned to discontinue the electric Chevy Bolt EV last year, GM’s CEO Mary Barra revealed a next-gen model was in the works.

During a media call last July, Barra revealed the Bolt EV will live on as an Ultium-based model, claiming it will streamline production.

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