General Motors Just Pulled Off A Major Electric Comeback The Chevy Equinox EV has eclipsed the Cadillac Lyriq to become GM's best-selling EV in the U.S. Overall U.
S. auto sales are expected to weaken in the third quarter, according to industry experts. But electric vehicles are emerging as a bright spot for several automakers, and General Motors in particular is now staging a gradual yet strong comeback with a steady rise in its EV sales.
So far in 2024, the EV sales story has been rocky. The year started with uneven EV sales amid Tesla's sales decline . However, several other players have emerged to pick up the slack and it looks like GM is set to be one of the top contenders.
With 32,195 EVs sold in the U.S., GM posted another record quarter for EV sales.
Deliveries not only increased by 60% year-over-year but also rose 46% compared to the second quarter of 2024 when it sold a little over 20,000 Ultium-powered EVs. This comes as GM's overall sales were down 2.2% in the third quarter compared to the same period last year.
As we reported today, buyers across the board are increasingly turned off by high new car prices and still-high interest rates, but they've been repeatedly enticed by deals and incentives on EVs. The Equinox EV Is The Homerun-Hitter GM Needed Nearly one-third of GM's U.S.
EV sales in Q3 came from one model: the Chevy Equinox EV . The automaker sold 9,772 units of the Equinox EV during its first full quarter on sale. After the production of the Bolt EV and E.
