The latest new-car market update from J.D. Power shows an expectation of a 9.6-percent rise in total new vehicle sales for March 2025 compared to the same month last year. The report also shows that EV sales are still steadily gaining ground in U.S. market share. One of the most interesting details in the report is that Chevy is America’s fastest-growing EV brand.
“March was a month of stability for EVs as shopping sentiment stabilized at 23 percent among consumers who said they are ‘very likely’ to consider an EV for their next vehicle purchase,” J.D. Power vice president of the electric vehicle practice Elizabeth Krear said regarding the general state of the EV market. “This matches purchase sentiment from March 2024.”
“Notable, too, is that EV retail share is on the rise, crossing the 10-percent threshold so far this month,” Krear continued. “A year ago, Tesla held 56 percent of EV retail share, but that figure has dropped to 50 percent so far in 2025. The fastest-growing brand in the EV segment right now is Chevrolet. Overall, EVs have demonstrated a lower total cost of ownership than non-EVs for 13 consecutive months.”
This information aligns with our most recent GM EV sales update, which showed a 363-percent increase in GM EV sales in Q4 2024 compared to the same period a year prior. Chevy was a big part of that growth, but electric vehicles from the GMC and Cadillac brands saw significant growth in 2024, as well. They made up a combined total of 114,426 GM EVs sold in the U.S. in 2024, a 222-percent increase over 2023.
It’s not hard to see why Chevy’s EV market share has grown so much in the last year. The brand’s most affordable electric vehicle, the Chevy Equinox EV, began deliveries in May 2024. 2024 also saw a gradual increase in the availability of the Chevy Silverado EV to retail customers. On top of that, sales of the Chevy Blazer EV saw a 4,695-percent increase in sales in 2024 compared to 2023, driven by greater variety in its model range and availability throughout the calendar year.
Chevy’s growing foothold in the EV market share is likely to continue with the anticipated launch of the 2026 Chevy Bolt EV. The GM Fairfax plant in Missouri is being retooled right now for next-gen Bolt production. Official details are still light on the 2026 Chevy Bolt EV, but GM says it will be America’s most affordable EV.
Comments
Mr. Barta needs to consider a brain transplant. NOTHING will be selling for much longer.
You know nothing a negative comment with no facts. Go away
Given the Hummer, Silverado, Escalade, Sierra, Lyriq EVs are all built in the US with batteries from the US they might be ok. The Blazer and Equinox EVs are built in Mexico.
Check the window sticker on a Lyriq. A good chunk of the parts are from Mexico and Korea
Tesla is the only US car company that turns s profit on EV’s. Globally, three China companies make money selling only EV’s.
GM is also profit positive with their EVs, right now just paying off their R&D.
Tesla stans keep claiming this, but it isn’t true.
As long as nobody from Greaseball Mecca makes a Nazi salute, they will be golden.
LOL the better GM is doing the more outspoken and crazy the trolls become.
@ lul, since at least the 1980’s it’s always been this way I’ve just gotten used to the GM can do nothing right attitude… meanwhile the I’ve heard Jeep Wrangler EV is having nothing but problems and the for Bronco SPORT burns up 4 cylinder engines like a champ…BUT GM with the exception of the 6.2 liter V8 is making some of the best vehicles out there right now. My wife and I own two GM vehicles a 2019 Equinox and a 2019 Buick Enclave we the equinox has 50,000 miles on it so far and the enclave has almost 100,00 miles both are doing great and we don’t plan on trading then in any time soon but when we do we will buy GM again!
Momentum towards making a tiny profit?
I am presently driving a rented 2025 Chevy Equinox EV with only 450 milrs on it. It is a excellent vehicle itself, which is very quiet and easy to drive. I recommend visiting your Chevy dealer and do a test drive. Most of you will buy it. I am waiting for the Cadillac Optiq.
Gmowner finally a positive real world answer! I recently saw an Equinox EV on the road it’s not a bad looking vehicle either in fact I think it’s better looking then the Blazer EV. It also kind of looks like the 2010 to 2017 Equinox with the more rounded styling. Now the Cadillac Optiq I like that’s a classy looking little CUV now Cadillac has to bring back the Fleetwood, Sedan and Coupe DeVille, now that they can make vehicles large it’s about time we saw a retro Cadillac land yacht and I’m not kidding either!
I know of three individuals who ordered a Tesla Model Y that would actually rather have the Nox EV but really wanted the NACS port on the vehicle instead of using an adapter. But the main thing that kept them from the Nox is the awful 150kW charging speeds. Not only is that speed uncompetitive in the marketplace for this vehicle segment but the curve might be even worse.
The rumor is once the NACS port is native on the vehicle it will have a much better charging curve which will help but still think that 150kW is just not good enough in today’s market.
The upcoming Bolt should have 150kW to be honest not the Nox
GM is sooooooooo close to have nailed the Nox EV. At least make the speed at 200kW
Just a great overall vehicle.
***Side Note***
When the All New EV Gen architecture comes out (I believe Caddy is getting them first) the vehicles Better come with Frunks!!!
Momolos I thought GM was supposed to have the NACS charger with charging speed equivalent to Tesla… unless the deal fell through GM was supposed to adopt NACS without an adapter…at least that’s what I read about a year ago. Come on GM the sooner the better get that charging speed up and show it to Tesla.
“GM is sooooooooo close”.
How many times has that been the case? That must be their corporate mantra. So close but never there. There are countless GM products that were almost great but some flaw or shortcoming made them a failure instead.
Tesla cars have a terrible charging curve. They start out high, but after a very short time, they will be right down there with the Equinox. Also, I consider not having a NACS port to be a bonus.
I know looks are subjective, but I find that GMs EVs are the best looking on the market. They don’t look generic like Teslas or other Chinese EVs, they look tastefully styled inside and out through all four of their brands each car looking like they have personality and not a product from an appliance maker, yet they still feel familiar (with normal switches and knobs where it matters).
I drove a Model Y and a Lyriq. The Model Y, while it had nice pickup, it was literally the ONLY thing I liked about it. It was bland inside and out and yet a nightmare to figure out down to basic damn tasks. The Lyriq, felt familiar after owning an XT5, but with a noticeably different powertrain (being electric). The pickup didn’t feel the same but it did it like a Caddy, with grace and smoothness which is what I love about Caddys. Yet I was able to figure out the controls without needing to pull up YouTube like I did with the Model Y.
These GM EVs and the Koreans (Hyundai/KIAs) are the ones I’m eyeing for the day I make the switch. Y’all can keep your Teslas.
I love it every time I see this photo of the GM EVs lined up in the Tesla charging lot. The industry never standardized where the charge port is located. All Teslas are left rear. The rest of the EV industry is willy nilly. Look closely at the picture, two gm vehicles are hogging three chargers because of different charge port locations and short charge cables. I’ve seen this in real life on the Florida Turnpike when a F150 was hogging two spots. I’ll bet that p**ses off the Tesla owners when the lot is full.
That’s because only Tesla stuck inadequate length cords on there chargers. This problem doesn’t crop up charging anywhere else.
Just to clarify. I’m not a Tesla fan. I speak only the facts. I’m not anti EV or anti ICE. Personally, I don’t care for Tesla’s laptop in the middle of the dash or for the afterthought looking mounting of displays in the center of the dashes of a lot of vehicles for that matter. You buy what you want and I’ll buy what I want. I just wish that what I’m buying didn’t subsidized what you’re buying. 80 grand for a truck is a lot.