Chevy's risky plan for EV dominance: Flood the zone as competitors pull back

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Chevrolet is flooding the EV market with new models even as industry-wide sales hit a plateau.

After a few years of rapid growth, EV sales are hitting a plateau. This has led to massive changes in EV strategies at most major automakers, with many now pivoting to hybrids.

This lean-in approach is a classic strategy for a mass-market brand like Chevy. For years, Chevrolet has offered a wide range of pickup trucks, SUVs, and crossovers to meet demand for a huge swath of customers. Chevy's first attempt at electrifying an existing nameplate – the Blazer EV – got off to a rocky start with a stop-sale related to software issues. Majoros insisted Blazer EV is recovering and notched impressive monthly sales, but didn't provide specifics since GM no longer shares monthly sales numbers.

Majoros offers a point of proof that a flood-the-zone approach might be working: Dealers and their employees – often the first to experience these electric cars – are also among Chevy's most reliable early EV adopters. Dealers who own EVs are often enthusiastic about their battery-powered cars, but the trouble comes when trying to convince their customers. Factors like steep upfront costs, quirks of ownership, and overall lifestyle changes required to replace a gas-powered car with an EV keeps an entire swath of customers out of the battery-electric segment, dealers say.

 

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