Outdoors of Tesla, GM bought extra EVs than some other firm within the US in 2024. GM’s EV gross sales surged 125% within the fourth quarter as new electrical fashions just like the Chevy Equinox and Blazer EVs noticed robust demand.
GM outpaced rivals with new EVs in 2024
GM bought 43,982 electrical autos within the US within the ultimate three months of 2024, up 125% from This fall 2023. December was GM’s second straight month with over 15,000 EV gross sales, making it the second automaker behind Tesla to perform this feat.
New electrical fashions, together with the Chevy Equinox EV, have been main progress drivers. GM bought one other 18,089 electrical Equinox fashions in This fall for 28,874 in complete in 2024.
After deliveries started in simply Might, GM mentioned the electrical Equinox is already among the many high 5 best-selling EVs within the US.
Different autos, such because the Cadillac Lyriq and Chevy’s Blazer and Silverado EVs, helped drive greater gross sales. With one other 8,084 Lyriqs bought in This fall, GM bought over 28,400 in complete final 12 months. The Chevy Blazer and Silverado EVs are ramping up, with 7,883 and a couple of,176 items bought within the fourth quarter.
Even the GMC Hummer EV is seeing extra demand. GM bought one other 5,091 Hummer EVs (SUV and pickup) in This fall (+151% YOY) for a complete of 13,993 in 2024 (+331%).
GM has a number of new EVs rolling out, together with the Cadillac Escalade IQ and GMC Sierra EV. In This fall, 670 Escalade EVs and one other 1,401 Sierra pickups have been bought.
The corporate mentioned the expansion was sufficient to make GM the second-largest vendor of EVs within the US, behind Tesla within the second half of 2024. GM bought 114,432 EVs in 2024, up 50% from 2023. GM’s share of the US EV market practically doubled all through 2024, reaching round 12% within the fourth quarter.
Ford reported earlier at this time that it bought a document 30,176 EVs within the fourth quarter, a rise of 16% from This fall 2023. With 97,865 electrical autos bought within the US in 2024, Ford fell wanting GM, which had over 114,400 EV gross sales.
GM’s progress comes as EV chief Tesla missed expectations, with 495,570 autos delivered within the fourth quarter. Tesla delivered over 1.78 million EVs in complete final 12 months, barely lower than the roughly 1.8 million delivered in 2023.
Rory Harvey, GM government VP and president of world markets, mentioned the gross sales progress is as a result of “We have now one thing for everybody, it doesn’t matter what they prefer to drive.”
And there’s extra on the best way in 2025. GM will start delivering two new Cadillac luxurious electrical SUVs within the first quarter of 2025, the three-row Vistiq and the smaller Optiq.
