Report: GM to lose thousands on the Chevy Bolt

  • 8 years ago
General Motors (GM) could lose up to $9,000 for every Chevrolet Bolt sold, according to Bloomberg. The Bolt is a fully-electric vehicle that will be available for purchase at a base price of $37,500 in some select markets in late 2016, the car's website says. Some of the best markets for electric cars are states that have regulations requiring automakers to sell a certain number of electrics among the total number of cars they want to sell in the state. Electric cars are typically popular with the younger generation, who might not consider a Chevy, Bloomberg noted. The loss incurred by GM could be a telltale sign of the actual profitability of electric cars in the US.

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