From Electrek: ‘Bolt EV is not for profit but to subsidize gas-guzzling cars’, says JP...

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    Sep 28, 2016
    ‘Bolt EV is not for profit but to subsidize gas-guzzling cars’, says JP Morgan after meeting with GM CFO


    Another industry analyst is supporting the thesis that GM’s Chevy Bolt EV is a compliance car aimed at accumulating ZEV credits to allow the Michigan-based automaker to continue selling its profitable gas-guzzling vehicles.

    After meeting with GM CFO Chuck Stevens last week, JP Morgan analyst Ryan Brinkman released a note to clients claiming that the Bolt EV is part of an “improving array of electric vehicles from automakers which are pricing such vehicles with the aim not to turn a profit but rather to sell in sufficient volume to subsidize the rest of their more lucrative portfolios of internal combustion engine vehicles from a regulatory compliance perspective.” more…

    Filed under: Uncategorized [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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