And Toyota, Subaru, Mazda etc. Basically every legacy manufacturer that is way behind in EV development because they misread the future. The leadership has spent 40 years in ICE development and it's all they know. With 20+ new EV's coming to market in the next couple years they are doing whatever they can to avoid losing a lot of marketshare until they can ramp up their own models, and new car development is a 4-5 year task. Once you get to year 3 of that timeline your platform, body, and interior is mostly locked in. Of course they get plenty of feedback from their dealer network who is telling them loudly that they'll go out of business without the service side of the house, and then how is Chevy going to sell anything at all? Their cash cow is dead but they don't know it yet.
It's just a delaying tactic which I don't think is going to work very well. Once the mainstream EV's arrive and the common people actually ride in one and hear the truth about them, the new ICE cars are going to be damn hard to sell. But at least those with lower incomes will have access to some incredibly inexpensive upscale gas vehicles that they otherwise couldn't afford, and as EV's ramp up that gasoline stuff will be a glut and become cheaper for them also. But there will be an awesome 10 years of used ICE cars until that entire market collapses. Now of course we didn't get to 200 million ICE cars overnight so EV's will take some time to take over but it's going to be a huge upward swing. And right now, at least in the USA, it needs to be slower anyway because we just can't add the charging infrastructure fast enough for the millions of dwellers in apartments, condo's, and people that only have street parking.
2017 Bolt EV Premier