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GM confirms that the delivery of 5,000 electric vehicles to pure electric vehicles in 2018 will be sold worldwide.
The Chevrolet Bolt electric vehicle from General Motors (GM) has gained significant popularity in South Korea. It has been reported that GM is currently rolling out its electric vehicles globally, with 5,000 units of the Chevrolet Bolt confirmed for delivery in South Korea this year. This marks a major step for GM as it expands its presence in the electric vehicle market.
According to international media, GM has officially announced the delivery of 5,000 Chevrolet Bolt EVs in South Korea this year, signaling the country’s growing importance as a key market for electric vehicles. The move reflects the increasing demand for zero-emission cars in the region and highlights the company's commitment to expanding its global electric portfolio.
In the U.S., GM delivered over 23,000 Chevrolet Bolt units last year, but the model has seen limited sales in other regions. However, 2018 is a pivotal year for the company, as the Chevrolet Bolt will become the first all-electric vehicle offered globally by GM.
Last year, only 600 Chevrolet Bolt EVs were delivered in South Korea. Despite the country’s still-developing charging infrastructure, local consumers have shown strong interest in the Bolt’s zero-emission technology. Starting January 15th, Korean customers can begin pre-ordering the vehicle, though actual deliveries are expected to start in April.
To encourage adoption, the South Korean government offers subsidies of up to 12 million won (approximately $11,200) for electric vehicle buyers. After the subsidy, the Bolt’s price in South Korea is expected to range between 27 to 28 million won ($25,000–$26,000).
South Korea introduced a subsidy policy last year, which required electric vehicles to be fully charged within 10 hours using a standard charger to qualify. This rule was criticized for being unfair to vehicles with larger battery packs, such as the Tesla Model S and the Chevrolet Bolt, which can charge within the same time frame but use Level 2 or fast chargers instead.
The policy was initially introduced in June but was revised in September to make it more inclusive. The updated rules aim to support a wider range of electric vehicles, helping popular models like the Chevrolet Bolt gain better access to the South Korean market. As a result, GM is now planning to deliver a large number of Bolt EVs in South Korea this year, reflecting the growing potential of the electric vehicle sector in the region.