GM’s delivery report for the first quarter of the year has been recently released, which shows that the Chevy Bolt isn’t selling quite as well as the company would like. The company’s plan is to sell 30,000 units of the vehicle in the first year of its availability. Looking at the sales numbers for the first three months, it’s going to have a hard time reaching its goal.
During the period, only 3,092 Chevy Bolts were sold. Sales were the highest in January when the company managed to sell exactly 1,162 EVs. At launch, the Bolt was only available in California and Oregon, but GM started selling the vehicle in Massachusetts, Maryland, and Virginia in February, which is why everyone expected that the sales numbers will go up. Unfortunately, they didn’t. In February, the company only sold 952 units.
It then expanded the market for the Bolt last month by kicking off sales in New York and New Jersey. It looks like even that didn’t help, as the company’s sales didn’t increase by much when compared with the previous month. To be more specific, GM sold only 978 Chevy Bolts in March.
Despite the lower than expected sales numbers, there’s still a good chance that the demand for the EV will increase during the next few months. The reason for this is that the Chevy Bolt will soon be available in a bunch of additional states across the US. This should increase the company’s sales, although it is hard to say for how much exactly.
We also have to take into consideration that the Bolt will be facing new competition soon. Tesla is on track to get its Model 3 into production in July, with deliveries expected to start before the end of the year. The popular EV already has 400,000 reservations and is a little bit more affordable than the Bolt. It starts at $35,000, which is $2,500 less than its rival.