GM Chair and CEO Mary Barra announced during the company’s quarterly earnings conference call that Chevrolet will introduce a next-generation Bolt. GM said that drawing on various Ultium and Ultifi technological advancements will help it bring this popular model back to market on an accelerated timeline.

Timing and specific details about the next-generation Bolt will be announced at a later date. The Bolt is expected to join Chevrolet’s growing lineup of all-electric vehicles, three of which are launching this year: Silverado EV, Blazer EV and Equinox EV.

The Bolt was first introduced in 2017. Sales of Bolt EV and Bolt EUV through the first half of 2023 have been the strongest to date. Eighty percent of Bolt owners are staying loyal to Chevy and nearly 70% of buyers who are trading in a vehicle for Bolt are trading in a non-GM product.