- Basic Motors ended 2024 with a file 114,432 EVs bought.
- The Chevy Equinox EV was GM’s top-selling EV in 2024, adopted by the Cadillac Lyriq and the Chevy Blazer EV.
- It was additionally a file fourth quarter for GM’s EVs.
Basic Motors has pulled off the most effective comebacks of 2024. In direction of the tip of 2023, issues regarded grim on the firm, with manufacturing issues, a series of delays and software program nightmares. Quick-forward by 12 months, GM someway turned 2024 right into a banner 12 months, increasing its EV market share and posting file gross sales for all its manufacturers.
The automaker stated on Friday that its general U.S. gross sales elevated 4% to 2.7 million items—its highest complete since earlier than the pandemic. Electrical car gross sales had been the true spotlight, growing 50% within the fourth quarter in comparison with the earlier 12 months and surging 125% for the 12 months.
GM bought a file 114,432 EVs within the 12 months ending December.
Closing quarter outcomes are typically good for automakers because of vacation offers. However GM’s EV momentum wasn’t only a vacation spike—it was a year-long climb fueled by a various lineup that spanned inexpensive crossovers to luxurious SUVs.
The automaker had 10 absolutely electrical fashions on sale by the tip of the 12 months throughout the Chevy, Cadillac and GMC manufacturers. Practically all noticed vital gross sales development within the last quarter and 2024.
Equinox EV Leads The Pack
Picture by: Motor1.com
The Chevy Equinox EV led GM’s EV gross sales chart for the 12 months, racking up 28,847 gross sales. The majority of these gross sales got here within the final three months of the 12 months alone when Chevy bought 18,089 items of the electrical crossover. As essentially the most inexpensive EV within the U.S. with over 300 miles of vary, the Equinox EV begins at $35,000 earlier than incentives. With the $7,500 federal clear car credit score factored in, qualifying patrons can snag one for as little as $27,500—relying on tax liabilities.
Sizzling on its heels was the Cadillac Lyriq, GM’s earlier EV gross sales chief, with 28,402 items bought in 2024, together with 8,000 within the fourth quarter. Cadillac’s lineup is barely getting stronger, with the Escalade IQ gaining traction (670 items bought in December) and the smaller Optiq and seven-seater Vistiq set to hit showrooms quickly.
The Blazer EV did effectively too, with patrons snagging up 23,115 items final 12 months.
Electrical Vehicles And Vans Performed Supporting Roles
Whereas the electrical crossovers did all of the heavy lifting for GM, the pickups and BrightDrop vans additionally added some vital numbers.
GMC bought almost 14,000 Hummer EVs (pickup and SUV), a powerful feat for a car that begins at $100,000. In the meantime, the Chevy Silverado EV and GMC Sierra EV added 7,428 and 1,788 items, respectively. BrightDrop’s electrical supply vans—now below the Chevy model—accounted for an additional 1,529 items.
“From my viewpoint, the automotive business is pushed by momentum. Basic Motors has momentum on its facet,” stated Rory Harvey, GM govt VP and president of worldwide markets. “We confirmed sturdy momentum in electrical automobiles. Now we have the most important EV share development of any producer. Now we have one thing for everybody, it doesn’t matter what they prefer to drive,” he added. “The Equinox EV is discovering nice reception and continues to interrupt file after file in gross sales.”
| This fall 2024 | This fall 2023 | % change | Full 12 months 2024 | Full 12 months 2023 | % change | |
| Cadillac Escalade IQ | 670 | – | – | 670 | – | – |
| Cadillac Lyriq | 8,084 | 3,820 | 111.6 | 28,402 | 9,154 | 210.3 |
| Chevy Blazer EV | 7,883 | 463 | 1602.6 | 23,115 | 482 | 4695.6 |
| Chevy Equinox EV | 18,089 | – | – | 28,874 | – | – |
| Chevy Bolt Ev/EUV | 45 | 12,551 | -99.6 | 8,627 | 62,045 | -86.1 |
| Chevy Silverado EV | 2,176 | 443 | 391.2 | 7,428 | 461 | 1511.3 |
| GMC Sierra EV | 1,401 | – | – | 1,788 | – | – |
| GMC Hummer EV | 5,019 | 2,028 | 151 | 13,993 | 3,244 | 331.4 |
| BrightDrop Vans | 537 | 164 | 227.4 | 1,529 | 497 | 207.6 |
| Whole 2024 | 114,432 |
GM stays the most important automaker within the U.S. by way of general auto gross sales. And within the fourth quarter, its EV market share elevated to 12% from 9.3% in Q3 2024. It was the second-best-selling EV model throughout the second half of 2024, behind Tesla, which stays by far the most important EV producer and vendor within the U.S.
Promising However Unsure New Yr
Nonetheless, coverage shifts might dictate how a lot of this momentum will get carried into the brand new 12 months. President-elect Donald Trump has threatened 25% tariffs on gadgets manufactured in Mexico and Canada—each the Equinox EV and Blazer EV are made throughout our Southern border. Trump may even push to finish the $7,500 federal clear car credit score that made EVs extra accessible to a broader viewers. Buckle up, as a result of it is going to doubtless be a bumpy trip forward.
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