General Motors Company (NYSE:GM) may lose $8,000 to $9,000 per Chevy Bolt it sells, according to a Bloomberg report. Anticipated loss per sale on the $37,500 Chevy Bolt will be a loss of $8,000 to $9,000, the report said. This questions the profitability of electric cars within the U.S., which have been labeled by many as the future automotive industry.
The Chevy Bolt is a fully electric car that will be released in select markets late 2016. Some states have regulation that require automakers to sell a certain amount of electric cars among their total number of cars they wish to sell. The report indicates that the Bolt may be an option that GM has released to appeal to the younger generation. Younger car drivers may not consider buying a Chevy but an electric car option may intrigue them to take the leap
Every major car manufacturer has a hand in electric cars no matter how small, to ensure they have a part in the industry if it takes off. Although electric cars are far from mainstream and being a replacement for gas eating cars, it is a growing industry that may take off in the future.