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> They also just don't seem to want to make enough of them or ship them to markets where people want them. Canada was starved for inventory all last last year.
by aeolis_mons 8y ago
> They also just don't seem to want to make enough of them or ship them to markets where people want them. Canada was starved for inventory all last last year. None went to Europe. Asia, where they'd make a lot of sense, got only a smattering. And they don't seem to be improving on this.
They lose several thousand dollars on each car, so the reluctance to expand production is perhaps unsurprising:
https://www.greencarreports.com/news/1107604_gm-loses-9k-on-each-chevy-bolt-ev-to-become-major-player-in-electric-cars-report https://www.greencarreports.com/news/1107604_gm-loses-9k-on-...
- rblatz 8y agoDemand exceeds supply and they lose several thousand dollars on each of them? If only there was some sort of market driven mechanism to solve this issue.
- slededit 8y agoThey are willing to take the loss because they have fleet wide emissions targets. So they will sell just enough to allow them to sell the SUVs they actually want to make - but no more.
- r00fus 8y agoThat's the culprit. Fleet emissions targets should allow for credits to exceed targets so you'd get more points for over achievements.
- cmrdporcupine 8y agoI've heard others (including GM) dispute those numbers. They were very back of the napkin. Yes, there's no way it's as profitable as a Silverado or Equinox. But the only really expensive part in them is the battery pack, and volume production of that could bring it down. GM _did_ sign a deal with LG Chem to open a big new battery plant in Michigan. Not sure what the status of that is. I believe battery supply is the fundamental constraint on Bolt production, not demand.