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Normal Motors ended 2023 with disappointing EV supply figures.
The automaker reported Wednesday that it delivered 75,883 EVs in 2023, however 62,045 of these have been Bolt EV and Bolt EUV fashions that GM discontinued on the finish of the yr. That leaves simply 13,341 of the Ultium EVs which are imagined to set the tone for the way forward for the automaker’s electrification efforts, together with 164 BrightDrop Zevo industrial vans that share the Ultium element set.
Bolt EV and EUV gross sales have surged since GM revamped these fashions for extra worth. The 2 variants noticed a 62.8% gross sales enhance of their closing yr of manufacturing. However GM nonetheless discontinued the Bolt EV and extra SUV-like EUV, with replacements not due till 2025.
2023 Chevrolet Bolt EV
Wanting on the Ultium fashions at present in manufacturing, GM reported 3,244 GMC Hummer EV deliveries, 9,154 Cadillac Lyriq deliveries, 482 Chevrolet Blazer EV deliveries, and 461 Chevy Silverado EV deliveries for the yr.
GM reported whole deliveries of two.595 million automobiles in 2023. Which means Ultium EVs have been simply 0.5% of GM deliveries in 2023. With the Bolt EV and Bolt EUV, all-electric fashions represented 2.9% of 2023 GM car deliveries. GM’s Ultium EV targets now look simply as out of sight as they did after the third quarter of 2023, at which level hitting these targets already appeared inconceivable.
2024 Cadillac Lyriq
In early 2022 it introduced a objective to supply a cumulative 400,000 EVs in North America from 2022 by means of the primary half of 2024—a objective it is fallen properly wanting. Together with Canadian gross sales, the entire from each years stays underneath 150,000.
To be clear, this is a matter with manufacturing, not demand. GM has claimed practically 200,000 hand-raisers for the Chevy Equinox EV, which was initially scheduled to launch in spring 2024 and begin at round $30,000, however has now been delayed. So there seems to be demand for Ultium EVs—significantly less-expensive ones just like the Equinox EV—however GM is having bother assembly it.
What’s been largely lacking to this point is an evidence for the gradual acceleration of Ultium EV manufacturing. GM now has two huge Ultium LLC battery factories in manufacturing, addressing a earlier battery-supply subject, so it is unclear what’s delaying the ramp of those automobiles.
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