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Another industry analyst is supporting the thesis that GM’s Chevy Bolt EV is a compliance car aimed at accumulating ZEV credits to allow the Michigan-based automaker to continue selling its profitable gas-guzzling vehicles. After meeting with GM CFO Chuck Stevens last week, JP Morgan analyst Ryan Brinkman released a note to clients claiming that the Bolt EV is part of an “improving array of electric vehicles from automakers which are pricing such vehicles with the aim not to turn a profit but rather to sell in sufficient volume to subsidize the rest of their more lucrative portfolios of internal combustion engine vehicles from a regulatory compliance perspective.”

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Industry Analyst Claims New Chevy Bolt Is Just A Tool To Make More Gas Guzzlers

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