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  • William Maley
    William Maley

    By William Maley •

    GM Is Ready To Lose Close To $9,000 On Every Bolt Sold

      GM is expected to lose how much on every Bolt?!

    Every Chevrolet Bolt that will be rolling off the assembly line will lose General Motors close to $9,000 once they are sold. This seems like madness, but according to a report from Bloomberg, there is some method to it. 

    Thanks to new regulations done by California Air Resources Board, automakers have to sell a certain amount of zero-emission vehicles if they want to sell other vehicles - primarily crossovers, SUVs, and trucks - in the state. These new regulations say by 2025, zero-emission vehicles need to make up 15.4 percent of the market. Since then, nine other states including New York have adopted these regulations. All told, these ten states make up 30 percent of the total U.S. auto market.

    Take for example Fiat Chrysler Automobiles. CEO Sergio Marchionne revealed a couple years back they take a hit of $14,000 on every Fiat 500e sold. But if they wanted to sell Ram pickups and Jeep SUVs in California, they need to take the hit.

    How does Bloomberg get the $9,000 figure? That's due to a source at General Motors who revealed the estimate is based on the Bolt's $37,500 base price. A GM spokesman declined to comment.

    If General Motors is able to sell enough Bolts, they'll be able to gather enough credits to not only sell other vehicles which will make up for the Bolt's loss, but also be able to sell extra credits to other automakers. Tesla has taken advantage of this to great effect. In the third quarter, Tesla made $139 million from selling credits.  

    Source: Bloomberg

     

     

     

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    hyperv6
    13 hours ago, Drew Dowdell said:

    And there are people who never ever do that.... and just use their cars to get around town.

    Face it... those of us who visit automotive enthusiast sites have different driving patterns.  Most people aren't like us. 

    Do you really think the typical Corolla buyer wants to spend any more time in or with their car than they have to?  An oil change is an annoyance to them

    In this society of instant gratification people can not wait for nearly anything. 

    We have smart phones, chat and E mail to give new ASAP because we can not wait. We have fast pass at the amusement parks because we can't wait in line.

    We have so many things to speed up the pace of our lives and unless you just happen to be some place that has charger and you plan to be there for a period of time few people will want to be bother to wait for the charge even on the faster charges. Travel it is out the window as who wants to spend a couple hours just off a free way in their Leaf?

    The reality is we are not to the point these cars are for everyone or even the majority yet. In time we will get there but we are still not there.

    As they imporve the advantages will increase and the disadvantages will disappear but again we are not there yet.  

    Once the EV gets to the point you can charge it as fast as a tank of gas that will be the one major tipping point. The next will be the ability to Charge it any where you can gas up even in Booger Hole WV. [I did not make that up]. Yes they have a gas station but now chargers there. Go figure. It was not all that long ago they may not have had electricity. 

    This is like Cell Phone coverage. At first we would travel and the cities had coverage but out in the country large areas of dead space as we traveled south. It took about 10 years and now there are few dead spots. This is the same on an even larger scale. Investment is difficult as there are so few cars and there are so few cars as there has been so little investment. 

    Can you hear me now? 

    It is not just this but even Hydrogen powered vehicles are great and I have even driven one. But fueling up takes time to fill, It can be very cold and it is not on every corner as there are so few vehicles using it. 

    Time is money or time is a killer as it stops the pace of some peoples lives. 

    When I first got into shipping to customers it was just good enough to get the products to them with in a week. Then it was in a few days now they want things 2 days or less at no extra charge. They place the order and if it is not shipped in an hour and they have not gotten a tracking number they are emailing or calling as they want an answer now. 

    Even if the part is not in stock and needs drop shipped which would speed things up they get upset if the MFG does not ship till the next day. 

    I even get people who order on Monday and call on Tuesday wanting to know where their 2 day package is and want to argue that it was two days when UPS does not count Monday as a shipping day and you point out next day would be Tuesday. 

    This is the mind set in the public domain. Can't wait for much anything. from fast food to fast shipping. 

    In the early days the same thing was seen with the automobile as so often they broke down and got stuck. The first two decades it was more a play toy for most buyers as a horse was still more reliable. Over time advancements came and it adapted to more life styles and areas of the country. We will see the same but much is relying on the advancements of charging times and batteries. 

    Two observations here. I never though about it but WV is VW backwards and if only flux capacitor was real. God I need to get to bed earlier tonight. LOL! 

    Edited by hyperv6
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    Drew Dowdell

    Two people now have 5 shiny new moderator points and have to have their posts approved by staff before they become public till the day after Christmas.   I'll reopen the thread for now... friends don't let friends troll forums. 

    I'm feeling extra grinchy this holiday season.  keep it up and find yourself banned.

    • Agree 3
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