Chevrolet Bolt EV/Bolt EUV Achieves Massive Sales in Q1 2023

Chevrolet has had a strong beginning in the United States in 2023, with 398,141 vehicle deliveries, a 15.7 percent increase from the previous year, although it has not yet reached the same level as Q1 2021. The focus is on the sales of Chevrolet's battery electric cars (BEVs), which are currently experiencing a significant increase. The delivery of the 2023 Chevrolet Bolt EV and 2023 Chevrolet Bolt EUV duo in Q1 reached a new all-time quarterly record of 19,700, up from 358 the previous year, marking the third consecutive quarter of such a record.

Last year, the production and sales of Bolt EV and Bolt EUV were restricted due to a significant recall related to the battery, but production resumed in April 2022. These two models made up about 4.9 percent of Chevrolet's total sales, which is a new record.

To provide a point of comparison, the number of Chevrolet Bolt EV/EUV vehicles sold to customers in the US increased by 53.5 percent year-over-year in 2022, totaling 38,120 vehicles, which made up 2.5 percent of the total volume.

The 2023 version of these models is eligible for a $7,500 federal tax credit, and the starting price is approximately $20,000 for Bolt EV and $21,300 for Bolt EUV. In the mainstream small-car segment, this vehicle is currently one of the top competitors.

Chevrolet has affirmed that it plans to produce 70,000 units to meet the demand of customers worldwide, which is an increase from its previous manufacturing capacity of 44,000 units per year. The company has already exceeded its target for the first quarter, producing around 17,500 units on average. While the Chevrolet Bolt EV/Bolt EUV is primarily sold in the US, it is also available in other countries such as Canada and South Korea.