1. Model 3 is coming. Get your Model 3 Owners Club apparel today!


    Dismiss Notice

From Electrek: Report: GM will lose ~$9,000 for every Chevy Bolt EV it sells before ZEV credit

Discussion in 'News from Electrek.co' started by RSSFeed, Nov 30, 2016.

More threads by RSSFeed
  1. RSSFeed

    M3OC RSS Bot
    Expand Collapse

    Joined:
    Sep 28, 2016
    Messages:
    2,666
    Likes Received:
    193
    Trophy Points:
    63
    Report: GM will lose ~$9,000 for every Chevy Bolt EV it sells before ZEV credit

    [​IMG]

    I received a lot of negative comments after I’ve called the Chevy Bolt EV a compliance car following GM’s cancellation of the nationwide availability at launch. My suspicion and some whispers I’d heard pointed toward GM losing thousands of dollars on each Bolt vehicle before accounting for ZEV credits in California and other markets.

    Electrek talked off-the-record with a few people familiar with the Bolt EV program and the figure of $10,000 was thrown around as the anticipated average loss per vehicle before incentive. Now Detroit News today is corroborating with a similar story citing a person familiar with the matter claiming the anticipated loss on the $37,500 base price is roughly $8,000 to $9,000. more…

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

    Continue reading...
     
    • Informative Informative x 1
  2. garsh

    Dis Member
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Apr 4, 2016
    Messages:
    3,304
    Likes Received:
    1,859
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pittsburgh PA
    Country:
    Country
    Well.... crap.
    If they can't get the costs down, then they won't have any incentive to sell it nationwide, and it really will end up being a compliance car. :(
     
    • Agree Agree x 3
  3. Michael Russo

    Team Midnight Silver, Founding Father
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Oct 15, 2016
    Messages:
    4,116
    Likes Received:
    2,572
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pau, France
    Tesla Owner:
    Reservation
    Country:
    Country
    So... guess you'll have to satisfy yourself with the MODEL ≡ then, @garsh ... bummer...?!! :p

    But, all jokes aside, I'm with you... it really would be better if they would sell it more broadly for a faster penetration of BEV... and since we continue to reaffirm without any ambiguity that it is no true competition for MODEL ≡, hence enlarging the total size of the pie...
     
    • Like Like x 1
  4. Blackout

    Active Member
    Expand Collapse

    Joined:
    Apr 24, 2016
    Messages:
    143
    Likes Received:
    30
    Trophy Points:
    28
    Gender:
    Male
    City & State/Province:
    Toronto, ON
    Country:
    Country
    They can't compete with Tesla...the way I see it either they get serious in building EVs Cut down on Their current model and invest and transform their current plants into Batteries manufacturing /Evs assembly?
    Or get off the EV market, enjoy the next 10 years before they get bankrupt...Eventually the world will switch to EV in the 21st century and the early adopter will benefit from this...if they are serious about it...
     
    • Agree Agree x 2
  5. TrevP

    M3OC Founder / Administrator
    Founder M3OC Supporting Member
    Expand Collapse

    Joined:
    Mar 1, 2016
    Messages:
    5,258
    Likes Received:
    3,003
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Aurora,Ontario
    Tesla Owner:
    Model X
    Country:
    Country
    GM made a lot of noise about the Bolt and even took jabs at Tesla.

    Things are not so rosy for them since the car went into production and the skeletons are starting to awaken.
     
    • Agree Agree x 3
  6. Badback

    Valued Community Member
    M3OC Supporting Member
    Expand Collapse

    Joined:
    Apr 7, 2016
    Messages:
    1,104
    Likes Received:
    580
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Prior Lake, MN
    Tesla Owner:
    Reservation
    Country:
    Country
    GM can't benefit from the incentive in any case, other than to increase their loss by spurring sales.

    Maybe they can't make more because they can't get enough batteries. And, they can't get their cost down because they can't make more. Catch22?
     
  7. Dan Detweiler

    Top-Contributor
    Expand Collapse

    Joined:
    Apr 8, 2016
    Messages:
    949
    Likes Received:
    598
    Trophy Points:
    93
    Gender:
    Male
    City & State/Province:
    Canton, Georgia
    Country:
    Country
    The GM position regarding EV's is really disappointing. As a long time Volt driver I had high hopes when I bought the car four of years ago that they would commit themselves to really competing in the EV market.

    ...silly me.

    Dan
     
    • Agree Agree x 1
  8. Michael Russo

    Team Midnight Silver, Founding Father
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Oct 15, 2016
    Messages:
    4,116
    Likes Received:
    2,572
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pau, France
    Tesla Owner:
    Reservation
    Country:
    Country
    Well, @Dan Detweiler , don't feel bad, you've come to the right place... I don't think there is any doubt about Elon's commitment to establish T≡SLA as a force to be reckoned with not only as a car company to be reckoned with but also as a fully integrated alternative energy company shaping the world! Sometimes winners of the past make way to new leaders... :)
    Good evening!
     
    • Agree Agree x 1
  9. garsh

    Dis Member
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Apr 4, 2016
    Messages:
    3,304
    Likes Received:
    1,859
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pittsburgh PA
    Country:
    Country
    GM is still gaining experience at building electric cars, moreso than any other manufacturer other than Tesla (or maybe LG Chem is gaining the experience? Let's ignore that for now). When the market for electrics takes off, GM will have an easier time transitioning than other automakers. They'll survive the transition, and continue making average cars, while other automakers (like Fiat-Chrysler) will probably go under.
     
    • Optimistic Optimistic x 3
  10. MelindaV

    ☰ > 3
    Moderator
    Expand Collapse

    Joined:
    Apr 2, 2016
    Messages:
    3,843
    Likes Received:
    2,710
    Trophy Points:
    113
    Gender:
    Female
    City & State/Province:
    Vancouver, WA
    Tesla Owner:
    Reservation
    Country:
    Country
    Not feeling very sympathetic to them - if they can make an ICE of similar size/quality for $20k, why can they not convert that to an EV within their MSRP? Are they proposing the batteries, motor, etc is $25k over the price of a gas engine, transmission, radiator, starter, alternator, etc that would be deducted?
    Or more likely, that $8-9k is factoring in R&D that now is spread out over many fewer vehicles anticipated to sell than they previously planned (maybe before 11/8?)

    Also found it interesting that on a local Portland chevy dealership's website, once I found the Bolt page buried, it had lease "promotions" that in the fine print state they are only valid to Oregon residents (even though Washington is also a ZEV/CARB state).
    [​IMG]
     
    • Informative Informative x 2
  11. Dan Detweiler

    Top-Contributor
    Expand Collapse

    Joined:
    Apr 8, 2016
    Messages:
    949
    Likes Received:
    598
    Trophy Points:
    93
    Gender:
    Male
    City & State/Province:
    Canton, Georgia
    Country:
    Country
    I am reluctant at this point to believe that GM wants anything other than to see the EV as a whole die on the vine. They may be positioned to reluctantly accept the general public acceptance of the EV better than some other manufacturers, but that doesn't mean they are going to support them either. They are going to go down kicking and screaming, just like all the other ICE giants.

    Dan
     
    • Agree Agree x 2
  12. garsh

    Dis Member
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Apr 4, 2016
    Messages:
    3,304
    Likes Received:
    1,859
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pittsburgh PA
    Country:
    Country
    Agreed. They are not pushing for an EV-world, just positioning themselves to survive in one if necessary.
     
    • Agree Agree x 1
  13. Michael Russo

    Team Midnight Silver, Founding Father
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Oct 15, 2016
    Messages:
    4,116
    Likes Received:
    2,572
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pau, France
    Tesla Owner:
    Reservation
    Country:
    Country
    I don't want to defend GM at all, though objectivity forces me to recognize that they have done some surprising things in the recent 5-6 years, haven't they...? Thinking of the complete rejuvenation & positioning of the Buick brand for instance (which ten years ago I would not have bet a dime on and is now THE brand they chose to grow in China), some of the newer Cadillac and of course the Corvette... (wouldn't an e-Vette be a sweet image boost? :)). Of course, all this is in their core ICE business yet @Dan Detweiler keeps reminding us that the Volt was a great 1st step in the right direction, sadly not properly followed by what may turn to be a missed opportunity with the Bolt...
    So, was just giving a shot at being objective ... can GM surprise us with a commitment to BEVs at some point....? Skepticism is understandable... :)
     
    • Agree Agree x 1
  14. garsh

    Dis Member
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Apr 4, 2016
    Messages:
    3,304
    Likes Received:
    1,859
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pittsburgh PA
    Country:
    Country
    Note that the Buick brand has been HUGE in China for about 100 years. It is viewed as a luxury brand there. When GM was killing off Saturn, Pontiac, and Oldsmobile, there was no doubt that Buick would survive the purge due solely to China.
    Buick’s Road to Success in China
     
    • Agree Agree x 1
    • Informative Informative x 1
  15. BigBri

    Top-Contributor
    Expand Collapse

    Joined:
    Jul 16, 2016
    Messages:
    541
    Likes Received:
    418
    Trophy Points:
    63
    Gender:
    Male
    City & State/Province:
    Toronto, Ontario
    Country:
    Country
    • Agree Agree x 3
  16. Michael Russo

    Team Midnight Silver, Founding Father
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Oct 15, 2016
    Messages:
    4,116
    Likes Received:
    2,572
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pau, France
    Tesla Owner:
    Reservation
    Country:
    Country
    True, good reminder, yet for a couple of decades - mainly the eighties & nineties - here (and I mean in the good US of A, NOT China though I happen to be close now... :p), Buick seemed to only appeal to classy old ladies with pointy glasses & slightly purple hair... :) And look at how well they're doing currently outside of China... May have started as a rebadged Opel but still... :)
     
  17. Michael Russo

    Team Midnight Silver, Founding Father
    Moderator M3OC Supporting Member
    Expand Collapse

    Joined:
    Oct 15, 2016
    Messages:
    4,116
    Likes Received:
    2,572
    Trophy Points:
    113
    Gender:
    Male
    City & State/Province:
    Pau, France
    Tesla Owner:
    Reservation
    Country:
    Country
    OMG... LMAO... what a bunch of baloney!!!
    Some of the non-facts and blatant lies are truly shameful dirt!
     
    • Agree Agree x 1
  18. BigBri

    Top-Contributor
    Expand Collapse

    Joined:
    Jul 16, 2016
    Messages:
    541
    Likes Received:
    418
    Trophy Points:
    63
    Gender:
    Male
    City & State/Province:
    Toronto, Ontario
    Country:
    Country
    Yeahhh either this is more anti Elon/Tesla nonsense or this guy is way overpaid for someone that doesn't know how to do basic research. GMs stock should be the one getting hit for saying they'd make an EV, making one that people like but not being able to sell them in most places.
     
    • Agree Agree x 2
    • Like Like x 1

Share This Page