Chevrolet Bolt EV Aims To Attract New Drivers to Green Car Segment

2018 Chevrolet EV Bolt2018 Chevrolet Bolt EV

For a long time, hybrids, electric vehicles (EVs), and other “green cars” have been regarded as a niche market for buyers who are invested in being environmentally friendly. However, more and more, EVs and hybrids are gaining traction among drivers who want to save big on their gas budget. The Chevrolet Bolt EV was introduced by Chevy in an attempt to make so-called “green cars” more friendly to mainstream buyers.

One of the biggest hurdles to attracting new drivers to the segment was expanding the EV’s mileage. Many other EVs have difficulty keeping a charge for an extended length of time or distance, which caused what many industry experts called “range anxiety” among potential buyers. But when the Chevrolet Bolt came out, its big selling point was that the battery had been fine-tuned to keep drivers rolling for over 200 miles. The increased mileage of the Chevy Bolt helped alleviate “range anxiety.”

The stylish and appealing design of the Chevrolet Bolt EV helped attract the attention of customers who maybe weren’t as interested in going green before the Bolt’s debut. The Chevrolet Bolt also offers a sleek and comfortable interior. All of this comes at a more affordable price than comparable rivals, too, making the Chevy Bolt an excellent choice for buyers new to the EV segment.

To experience the amazing features of the eco-friendly Chevy Bolt, visit Dan Young GM for a test drive.

GM Aims to Make a Profit with Electric Cars by 2021

 

2018 Chevrolet Volt Bolt EV Premier

 

Producing battery electric cars is an expensive business. In fact, most automakers who put one into production lose money on that model for years. This is mostly due to the high cost of the lithium-ion batteries that power the cars.

Chevrolet Bolt

GM currently sells an electric car in the form of the Chevrolet Bolt. This small car has a lot going for it with a range of over 200 miles and a relatively affordable price tag. However, GM is currently losing money on this car. However, according to GM CEO, Mary Barra, the company plans to make a profit with electric cars by 2021.

According to insiders familiar with GM’s strategy, the key is to cut costs associated with battery production, specifically the amount of cobalt used in the batteries. Cobalt is the most expensive component in a lithium-ion battery and the price continues to rise. GM’s future battery design uses more nickel, which is both less expensive and produces more energy.

At the same time, GM engineers are working on ways to get more out of their batteries through more efficient packaging and improved energy flow.

Here at Dan Young GM, we are interested to see where this goal will take GM in the electric car industry.