In Q2, Chevrolet Bolt EV Sales In U.S. Decreased By 37%

Besides the COVID-19 lockdown, Chevrolet Bolt EV was no longer eligible for the federal tax credit.

After the quite successful first quarter of this year, Chevrolet Bolt EV sales decreased in Q2 by 37% year-over-year to 2,498.

The decline was slightly higher than in the case of the overall Chevrolet brand sales – by 33.6% to 331,917, and for GM as a whole  – by 34% to 492,489.

We guess that, besides the obvious COVID-19 lockdown, Bolt EV was affected by lack of the federal tax credit since April 1, 2020. Previously it was $1,875.

In Q2, Bolt EV was responsible for 0.8% of the total Chevrolet sales.

Chevrolet Bolt EV sales in the U.S. – Q2 2020

During the first 6-months, sales amounted to 8,371, which is a 1.1% improvement over 2019. It might be difficult to achieve growth later this year.

The plug-in hybrid Chevrolet Volt noted 39 sales (down 97%), as General Motors is selling the last units of the retired model.

The company clearly needs to find a new way to increase plug-in electric car sales and hopefully, the upcoming new electric Cadillac, Chevrolet and GMC model will finally shoot sales up significantly.



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