GM Cuts Chevrolet Bolt EV Production by 75 Percent

General Motors is producing significantly fewer Chevrolet Bolt electric vehicles than initially planned. The output reduction follows the removal of federal EV tax credits and shifting market demand.

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FILE PHOTO: A 2018 Chevrolet Bolt EV is displayed during the North American International Auto Show in Detroit, Michigan, U.S., January 9, 2017. REUTERS/Rebecca Cook/File Photo

GENERAL MOTORS CO is cutting production of its Chevrolet Bolt EV by 75% to about 35,000 units before output ends in early 2027. The reduction follows the removal of federal subsidies for battery-powered cars in the United States. Lower vehicle volume highlights how automakers are scaling back electric vehicle investments amid shifting policy support.

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