GM Unveils New Chevy Volt as Push for EV for the Company Ramps Up

By Thomas Price Monday, March 1, 2021

After nearly every major car manufacturing company began making bold claims for EV production lines in the near future, General Motors (GM) has begun to put those plans into motion with the company releasing the new Chevy Volt. Both versions of the new EV represent the first of several new models the company plans to release in the coming years in order to reach the lofty goal of selling exclusively electric vehicles by 2035. This will also play into the larger plans from the company to create a fully carbon-neutral business only five years after that in 2040.

A person charging an electric car.

General Motors’s Newest Chevy Volt

One of the first major steps towards reaching the lofty carbon and electric goals for the company has finally been reached with GM finally releasing two new Chevy Volt models that will be available for purchase by this summer. The two versions that the company has put out will both be at a starting price of less than $34,000 as the business plans to create an affordable market for electric vehicles. The two EV models introduced by the company will be a hatchback and a crossover, with other EV model types coming in the future.

While the Bolt EV and Bolt EUV represent a big step for the business, with each having a range of over 250 miles on a single charge, they will also be the last electric vehicles released by the company not using the Ultium EV platform. In fact, the GM Electric Hummer that is planned for release later in 2021 will be the first to use the battery platform, which could possibly reach up to 450 miles in total range.

Other technology added to the new EV Bolt models include semi-autonomous hands-free driving tech along with facial recognition software that recognizes when a driver is paying attention while the tech is in use.

General Motors’s Future Business Plans

As GM continues to push toward an all-electric business by 2035, the company plans on launching a total of 30 different electric cars by 2025. This will be achieved by the business investing $27 billion into EV and autonomous technologies. The green initiatives by the business will also push outside of simply the cars being manufactured as well.

In fact, GM announced plans to use 100% renewable energy in all of its US facilities in 2030. Adding to the carbon-neutral target of 2040 and fully electric product line in 2035, profitability remains a concern for the business. However, in order to scale up production and significantly cut costs, GM will be making its own batteries in-house with the help of LG Chem. A $2.3 billion facility will be ready for full-scale operations by 2022.

About the Author

Headshot of Thomas Price

Tom Price is a writer focusing on entertainment and sports features. He has a degree from NYU in English with a minor in Creative Writing. He has been previously published for Washington Square News, Dignitas, CBR, and Numbers on the Boards.

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