It is with mixed emotions that we announce the end of production for the Chevrolet Bolt EV and Bolt EUV at the conclusion of the 2023 model year, after six great years. The Bolt EV and EUV were our company's first high-volume, long-range, affordable all-electric vehicles, and they attracted many new customers to the Chevrolet family, driving some of the highest conquest rates across our portfolio.

At launch, the Bolt EV represented industry-changing technology and an industry-leading ownership experience with the Charged by Chevrolet Program. Later, the EUV was the first Chevrolet to offer GM's hands-free driving experience with Super Cruise. While we have learned a lot from the Bolt and have had many great successes, every vehicle has a lifecycle that eventually comes to an end.

It's time for Bolt to pass the baton to our Ultium-based EVs – Silverado, Blazer, and Equinox EV. This will enable the manufacturing capacity, batteries, and human capital to bring them to market. The new Ultium-based EVs are going to play in the industry's biggest and the fastest-growing segments, giving us more market coverage and volume – and even better vehicles.

We want to assure you that ordering for the Bolt will continue throughout the summer, with production of the Chevrolet Bolt EV and Bolt EUV continuing at Orion Assembly until late this year. Furthermore, GM's Orion Assembly facility, where the Bolt is built, will receive a $4 billion investment to convert this plant to build the Silverado and Sierra EVs. Orion is going to join Factory Zero as the second manufacturing location to build the electric Silverado, starting next year to help boost the company's annual EV capacity.

We want to thank you for all your partnership in laying the EV foundation. The electric future is bright at Chevrolet, and we're just getting started! Please know that we remain committed to bringing you the best vehicles and driving experiences.

Electric vehicles (EVs) have become increasingly popular in Canada in recent years as the country continues to transition towards a more sustainable future. One company at the forefront of this movement is Chevrolet, which has been developing electric cars for over a decade. With its commitment to innovation and sustainability, Chevrolet is poised to be a major player in the future of EVs in Canada.

One of Chevrolet's most notable electric cars is the Bolt EV, which was first introduced in Canada in 2017. This compact car boasts an impressive range of over 380 km on a single charge, making it an attractive option for those who want to reduce their carbon footprint without sacrificing convenience. The Bolt has received critical acclaim and has won numerous awards, including being named the Canadian Green Car of the Year in 2017 and 2018.

Chevrolet's commitment to electric vehicles goes beyond just the Chevy Bolt. The company has pledged to offer 30 all-electric models globally by 2025, which is a significant investment in a more sustainable future. This commitment includes the highly anticipated Chevrolet Silverado EV, a fully electric version of the company's popular pickup truck. The Silverado EV is expected to have a range of over 400 km and will be capable of towing up to 4,500 kg.

In addition to its production of electric cars, Chevrolet has also invested in the infrastructure needed to support them in Canada. The company has partnered with charging providers such as Flo and ChargePoint to increase the number of public charging stations available to electric car owners. Chevrolet has also developed a mobile app that helps drivers locate charging stations and monitor their vehicle's charging status remotely.

Chevrolet's commitment to electric vehicles is not just driven by a desire to be more sustainable. The company recognizes that electric cars offer numerous benefits over traditional gasoline-powered vehicles in the Canadian market. Electric cars are cheaper to operate and maintain, as they have fewer moving parts and require less frequent maintenance. They are also more efficient, as electric motors convert up to 90% of the energy stored in their batteries into motion, compared to gasoline engines, which convert only about 20% of the energy stored in gasoline into motion.

Another benefit of electric cars in Canada is their potential to provide energy storage for the power grid. As more renewable energy sources such as wind and solar are added to the grid, there is a growing need for energy storage to balance the intermittency of these sources. Electric cars can be charged during periods of excess renewable energy production and discharged during periods of peak demand, providing a valuable source of energy storage.

In conclusion, the future of electric vehicles in Canada looks bright with Chevrolet leading the way. The company's commitment to innovation and sustainability is evident in its investment in electric car production, infrastructure, and partnerships. With the introduction of the Silverado EV and the promise of 30 all-electric models by 2025, Chevrolet is poised to be a major player in the future of transportation in Canada. As more Canadians recognize the benefits of electric cars, we can expect to see them become increasingly common on the roads in the years to come.