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this post was submitted on 16 Sep 2023
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Cars - For Car Enthusiasts
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GM probably lost tens of thousands of dollars (maybe even hundreds of thousands of dollars) on every EV1 they built. It was a great first effort to see what could have been built at the time, but it was never a viable product to sell.
GM's Chevy Bolt EV right now is much loved as well and it has specs that far, far exceeded anything the EV1 offered.
*had. RIP to a real one.
...and GM discontinued the Bolt as well, despite solid sales & demand, because they were also losing money on each unit sold.
They also said the Bolt is coming back in like 2 years as an Ultium vehicle which should make it even better still.
GM probably lost $XX,000 on each EV1.
They are probably losing $X,000 on early current Bolt EV.
Their move to Ultium will probably either break ev3n or actually turn a profit in the Ultium Bolt.
Oh, that's cool. I'll keep an eye out then! I used to have a Volt and a Bolt and I really liked them.