The Chevy Bolt and Bolt EUV were phased out due to a large recall involving the EVs' battery packs, as well as a transition from the Bolt's electric architecture to General Motors' new Ultium platform. In addition, due to high demand for electric vehicles, GM reduced the price of the 2023 Chevy Bolt EV and Bolt EUV by an average of 17 percent in June 2022. The Chevrolet Bolt appears to be on its last legs.