GM To Lose $9000 Per Chevy Bolt EV

Posted: Dec 1 2016, 12:21pm CST | by , in News | Cars & Vehicles

 

GM to Lose $9000 Per Chevy Bolt EV
  • GM all set to lose $9000 Per EV in order to earn more in Future
 

The company may lose around $9000 per an EV Bolt in order to get through the EV industry

EVs are being produced more and more in number by many companies these days. However the range of cost and profit in EVs is still not much as the EV industry is in its initial phases.

This is the reason that many EV makers are actually facing a loss or no profit situation while selling EVs in the market. General Motors which is the parent company of Chevrolet is also content in gaining business even by facing some loses initially. 

According to the recent reports, by looking at the EV trends, one can see that there can be a difference of profits in EV sales. However GM might be willing to bear the losses of almost $9000 in each sold Bolt EV in order to gain profits in the future, according to Bloomberg. Even if a company sales an EV in a loss, there are still chances of profits in the future due to the technology used in these cars? 

A few states of America, demand the sale of zero emission cars only which is the reason that cars like that of Fiat 500e, Kia Soul EV are sold in certain states only.

The companies are selling these cars on losses instead of profits but as the battery process are decreasing, these cars will becomes more affordable for users. Thus this is the reason that right now days EVs are suitable for only those people who can afford it and want to go green as well. 

Tesla has been making profit by selling most of the cars on credit base. Thus if GM sales them in loss right now, they can get the profits in selling them in future by making a market for these cars. 

This story may contain affiliate links.

Comments

The Author


M. Affan covers the hottest news that captivate the web today.

 

 

Advertisement

comments powered by Disqus