- Basic Motors ended 2024 with a document 114,432 EVs offered.
- 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 document fourth quarter for GM’s EVs.
Basic Motors has pulled off one of many greatest comebacks of 2024. In direction of the top of 2023, issues appeared grim on the firm, with manufacturing issues, a sequence of delays and software program nightmares dogging its electrical car efforts. Quick-forward by 12 months, and GM by some means turned 2024 right into a banner yr, increasing its EV market share and posting document gross sales for all its manufacturers.
The automaker mentioned on Friday that its total U.S. gross sales elevated 4% to 2.7 million items—its highest complete since earlier than the pandemic. EV gross sales have been the true spotlight, growing 125% within the fourth quarter in comparison with the identical interval in 2023 and surging 50% for the complete yr. GM offered a document 114,432 EVs in 2024.
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 reasonably priced crossovers to luxurious SUVs.
The automaker had 10 absolutely electrical fashions on sale by the top of the yr throughout the Chevy, Cadillac and GMC manufacturers. Almost all noticed important gross sales progress within the ultimate 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 yr, racking up 28,847 gross sales. The majority of these gross sales got here within the final three months of the yr alone when Chevy offered 18,089 items of the electrical crossover. As probably the most reasonably priced 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 consumers can snag one for as little as $27,500—in the event that they meet earnings limits too.
Scorching on its heels was the Cadillac Lyriq, GM’s earlier EV gross sales chief, with 28,402 items offered in 2024, together with 8,000 within the fourth quarter. Cadillac’s lineup is just getting stronger, with the Escalade IQ gaining traction (670 items offered in December) and the smaller Optiq and seven-seater Vistiq set to hit showrooms quickly.
The Chevy Blazer EV did properly too, with consumers snagging 23,115 items final yr.
Electrical Vans And Vans Performed Supporting Roles
Whereas the electrical crossovers did all of the heavy lifting for GM, its pickups and BrightDrop vans additionally added some important numbers.
GMC offered practically 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 beneath the Chevy model—accounted for an additional 1,529 items.
“From my perspective, the automotive business is pushed by momentum. Basic Motors has momentum on its facet,” mentioned Rory Harvey, GM govt VP and president of worldwide markets. “We confirmed robust momentum in electrical automobiles. Now we have the most important EV share progress of any producer. Now we have one thing for everybody, it doesn’t matter what they wish to drive,” he added. “The Equinox EV is discovering nice reception and continues to interrupt document after document in gross sales.”
| This autumn 2024 | This autumn 2023 | % change | Full yr 2024 | Full yr 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 | 5,091 | 2,028 | 151 | 13,993 | 3,244 | 331.4 |
| BrightDrop Vans | 537 | 164 | 227.4 | 1,529 | 497 | 207.6 |
| Complete 2024 | 114,432 |
GM stays the most important automaker within the U.S. when it comes to total 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 maker 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 12 months
Nevertheless, coverage shifts might dictate how a lot of this momentum will get carried into the brand new yr. President-elect Donald Trump has threatened 25% tariffs on gadgets manufactured in Mexico and Canada, and each the Equinox EV and Blazer EV are made throughout our Southern border. Trump may also 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 should possible be a bumpy trip forward.
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