GM EV sales surged in the third quarter of 2024, bringing the cumulative total of General’s EVs sold in the U.S. to over 300,000. This total measures EV sales beginning in 2016, the calendar year the 2017 Chevy Bolt EV first came out.
Having sold 32,095 electric vehicles in Q3 2024, GM beat Ford and Hyundai as the number two EV manufacturer in the U.S. Tesla no longer makes up the majority of all EV sales in the States, but it’s still the number one EV brand. Although coming in second place is rarely a cause for celebration, being the top EV seller among legacy automakers in the U.S. market is a big milestone.
Looking at the graph charting GM EV sales since 2016, the line slowly climbs as the Bolt EV gains popularity. We see a greater spike between 2022 and now due to the gradual proliferation of EVs on the BEV3 and BT1 platforms. The debut vehicles on these platforms are the Cadillac Lyriq and GMC Hummer EV, respectively, but now the Chevy Blazer EV, Chevy Equinox EV, Cadillac Optiq, Chevy Silverado EV, and GMC Sierra EV are all on the market and quickly growing GM’s EV presence on its home turf. The return of the affordable Chevy Bolt EV and the introduction of the luxurious Cadillac Escalade IQ will likely continue this trend.
The rising success of GM EVs in recent years shows that offering a variety of products in a wide price range with a robust dealer network is a winning formula for winning over Americans to electric vehicles, albeit a slower process than the experts originally expected.
In other recent General Motors EV news, the General is dropping the Ultium brand for EV batteries and motors, and it’s unclear what may replace the brand going forward. Also, the U.S. Department of Energy recently said that it’s scrambling to finalize the government’s grants for EV manufacturing, which includes a $500 million grant to turn the GM Lansing Grand River factory into an EV plant. Also, GM Vice President of Battery and Pack Kurt Kelty recently spoke about the possibility of using lithium iron phosphate (LPE) batteries in electric pickup trucks, which could drive down their cost while retaining useable range.
Plus, a nationwide lease on extended-length full-size SUV.
With more than 2 million units sold in the U.S. since 1999.
Pulled down by the Lyriq's very poor performance.
Some 51 million airbags inflators are dodging a recall for now.
Because of a mounting bolt that's too long.
View Comments
Good for them. Sales are sales are sales.
More vehicles that nobody wants..
Yep. The exponentially rising curve clearly demonstrates how nobody wants them!
By definition sales are cars someone wanted.
Yeah, I guess 300,000 people bought something to hide under a tarp in the backyard.
Good to see improvement, but Tesla still sells more than 300k units in 2 quarters in the US with no advertising or dealer network - more than GM has sold in 8 years combined. According to Mary, they were going to surpass Tesla at least 5 times over that period.
Whether you like EVs or not, you cannot disagree this is a phenomenal sign for GM. Provided they don’t squander this, aside from being less concerned that they may go down the path of Kodak, they also have the potential to regain market share from the foreign brands when a large portion of those sales are from first time GM customers.
I am however getting concerned for the Japanese brands. They seem to be taking this transition too lightly. Which is very strange to me considering I always saw the Japanese as forward thinking like they were with hybrids when they became a thing. Mazda had an EV and killed it off quickly and Toyota has only one model shared with Subaru.
LOL. In the same time period, GM sold 23 MILLION total cars and light trucks in the US.
"The rising success of GM EVs in recent years shows that offering a variety of products in a wide price range with a robust dealer network is a winning formula for winning over Americans to electric vehicles, albeit a slower process than the experts originally expected."
No kidding...When you look at the big picture, EV's are still only accounting for a very small percentage of total cars sold. Currently for 3Q, they account for approximately 9% of total sales in the U.S. Globally, the total is only about 18% of cars sold. That means that in this country, 91% of new car sales are still ICE/Hybrid versions. Those are all new cars that will theoretically last for many years...that pushes the EV transition date out even further. If 346,000 EV's equals 9%, that means that in that same time period, over 3.84 million ICE cars were sold. This is what a free market is all about. If an EV works for you, buy one. But, don't force me to buy an EV if it doesn't work for me. When you can fully charge an EV in the same time as it takes me to fill up my gas tank, you will have my attention.
On the road it takes me about 7 minutes to fill with gasoline my Camaro SS from near empty.
On the road it takes me about 40 minutes to fill my Lyric with electricity from near empty.
At home it takes me 8 seconds to plug in my Lyriq at night and then sleep while it fills.
At home it takes me 25 minutes to drive my Camaro from my garage to a gas station and fill up.
I completely enjoy the performance of my Camaro SS 6.2 liter 455 HP.
I completely enjoy the performance of my Lyriq AWD 500 HP.
I’ve had my 2024 Cadillac Lyriq AWD for 10 months and 20,000 miles. I’ve taken it on 8 road trips of 1,100 plus miles. Absolutely love it. Quiet, comfortable, torque is great, good handling, very fun to drive. Super Cruise is outstanding in both suburban expressway stop and go as well as long distance interstates and turnpikes. Charging at home is so easy and I’ve always had enough chargers for long distance travel. Tesla Superchargers are outstanding when I use the NACS - CCS adapter. I think the Lyriq is a real EV value in the luxury segment; and the Chevrolet Equinox EV a real value in the affordable segment. Get Super Cruise if you get an Equinox EV.
Took delivery of my '24 Equinox EV 2LT last week. Very pleased with initial ride, handling, comfort, quiet. Torque/speed is more than I need, which is NOT 0-60 in 3 seconds (NO one needs that) and a bit less than my Bolt. Cargo is as good as I've seen for a similar sized SUV. Still getting used to the headlight system.
Forget the total number of EVs sold. How much money did GM make or lose from the EV sales.
Will the print that?