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Word is that PHEVs are expensive to build but customers didn't seem to be flocking to them. Traditional buyers didn't see the need to save money on fuel and did
by Tagbert 3y ago
Word is that PHEVs are expensive to build but customers didn't seem to be flocking to them. Traditional buyers didn't see the need to save money on fuel and didn't believe that climate change "stuff". More adventurous buyers were flocking to the new full EV coolness.
I think GM decided that the future was BEV that they would be able to come out strong with EV version of their products and sell them at reasonable prices. With the component shortages and inflation, their price targets became untenable. Then they ran into assembly problems with their battery packs so they couldn't even deliver at any price.
Now they have backtracked and said that they will bring out hybrids (maybe PHEV?). It's not clear which platform they'll use for that. I think that they have an Equinox-sized hybrid in China that they might bring over.
The flailing around EVs vs hybrids and the on again off again story on the Bolt don't make it look like they know what they are doing, sadly.
BTW the Bolt actually has a surprising about of room in it, but even so, its on the small side. Equinox would fit more customers.