GM President Burns Ford’s ‘Skunkworks’ As He Reconfirms That Cheap US-Built Bolt EVs Are On The Way
The Chevrolet Bolt is coming back! Make that Bolts.
During the General Motors investor day event on Tuesday, company president Mark Reuss reconfirmed that an entry-level Chevrolet Bolt EV will be returning to the lineup next year as a 2026 model.
Attendees were shown an image of the vehicle, but it was censored from the public livestream feed.
Reuss didn’t divulge any details about its range or performance, but said it will have faster charging than the old model and will cost just slightly more than the 2023 Bolt EUV’s starting price of $28,795.
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He also said that the Kansas-built vehicle will be the first of a “family” of Bolt models and that there may be one that’s even cheaper than that.
Reuss took the opportunity to playfully burn GM’s crosstown rivals at Ford, who have set up a secretive so-called “skunkworks” operation to develop a new line of low-cost EVs that will be going on sale in 2027.
“We don’t need to create a skunkworks to create affordable electric vehicles,” Reuss said. “We know how to do this.”
The Bolt is expected to be an updated version of the last generation’s chassis equipped with GM’s latest battery and electric motor technology, which is currently sold under the Ultium name.
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However, Kurt Kelty, GM’s new vice president in charge of batteries, spoke after Reuss and said that GM will be dropping the use of Ultium as a catch-all for all of its electric vehicle powertrains and platforms, but didn’t say how they will be marketed in the future.
GM will have at least a dozen electric models on sale in the U.S. across all of its brands by the end of next year.
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