One of General Motors’ most iconic post-bankruptcy products may be getting the axe. The current generation Chevrolet Volt is not expected to see production last beyond 2022, which is when this version of the car is expected to end.
In recent months speculation surrounding the future of several GM sedans has surfaced. The most substantial rumors came from a Reuters report that suggested the company was ‘reviewing’ several of its sedans, including the plug-in hybrid Volt. The Volt, along with several other sedans mentioned in the report, are currently produced at the company’s Detroit-Hamtramck assembly plant.
Now, GM Authority reports that AutoForecast Solutions is showing the Volt will exit production in 2022 as well with no replacement. AutoForecast is one of many analysts that track assembly plant utilization.
AutoVerdict has also been told by its own sources familiar with GM product plans that the Volt is unlikely to see its next-generation.
Killing one of its most iconic alternative energy products may seem like an extreme move, but it comes as little surprise. The Volt has fallen victim to broader consumer trends away from traditional sedan models in favor of crossovers and SUVs. In fact, Chevy’s own Bolt EV battery-electric vehicle has already out-sold the Volt as of the end of November. Meanwhile, Volt sales are off 12.5 percent.
While there is not expected to be a direct replacement for the Volt, there will be a slew of battery-powered GM products coming out around the time of its death. GM has already confirmed the company plans to roll out 20 new electrified models between now and 2023. This product onslaught is likely spurring GM to shed some slow selling sedan models to assist in funding what they view as their future product portfolio.