is eyeing double-digit market share in the US EV market after sales surged 60% in Q3 compared to last year. With new models like the Chevy Blazer, Equinox, and Silverado EVs rolling out nationwide, GM looks to top rival Ford by the end of 2024. With GM’s “EV for everyone” strategy finally unfolding, electric vehicle sales are surging.
GM sold a record 32,095 EVs in the US in the , an increase of 60% from Q3 2023 and 46% from last quarter. “GM’s EV portfolio is growing faster than the market because we have an all-electric vehicle for just about everyone,” Rory Harvey, GM’s executive vice president of global markets, explained. Following the strong Q3 performance, GM is nearing double-digit EV market share in the US.
GM’s share of the US EV market reached 9.5% in the third quarter, up from 7.1% in Q2 and 6.
5% in the first three months of 2024. All EVs across GM’s portfolio of brands had significant growth in Q3. Cadillac Lyriq sales reached 7,224, up 139.
4% from last year. According to GM, the Cadillac Lyriq outsold all EV models from luxury rivals BMW, Mercedes-Benz, Audi, and Lexus. GM also claimed the Lyriq is the first vehicle from a full-line luxury brand to sell over 20,000 EVs year-to-date in 2024.
Cadillac will launch the electric Escalade IQ and Vistiq later this year to complete its full global luxury SUV lineup. Chevy’s new electric models are already having a big impact. GM delivered 7,998 Chevy Blazer, 9,772 Equinox, and 1,995 Silverado EV mode.