- 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 the most effective comebacks of 2024. In the direction of the tip of 2023, issues seemed grim on the firm, with manufacturing issues, a sequence of delays and software program nightmares. Quick-forward by 12 months, GM one way or the other turned 2024 right into a banner 12 months, increasing its EV market share and posting document gross sales for all its manufacturers.
The automaker stated on Friday that its general U.S. gross sales elevated 4% to 2.7 million models—its highest whole since earlier than the pandemic. Electrical car gross sales had been the actual spotlight, rising 50% within the fourth quarter in comparison with the earlier 12 months and surging 125% for the 12 months.
GM offered a document 114,432 EVs within the 12 months ending December.
Ultimate 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 tip of the 12 months throughout the Chevy, Cadillac and GMC manufacturers. Practically all noticed vital gross sales progress within the closing 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 offered 18,089 models of the electrical crossover. As essentially 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—relying on tax liabilities.
Sizzling on its heels was the Cadillac Lyriq, GM’s earlier EV gross sales chief, with 28,402 models offered in 2024, together with 8,000 within the fourth quarter. Cadillac’s lineup is simply getting stronger, with the Escalade IQ gaining traction (670 models offered in December) and the smaller Optiq and seven-seater Vistiq set to hit showrooms quickly.
The Blazer EV did effectively too, with consumers snagging up 23,115 models 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 offered practically 14,000 Hummer EVs (pickup and SUV), a formidable 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 models, respectively. BrightDrop’s electrical supply vans—now underneath the Chevy model—accounted for an additional 1,529 models.
“From my perspective, the automotive trade is pushed by momentum. Basic Motors has momentum on its aspect,” stated Rory Harvey, GM govt VP and president of world markets. “We confirmed sturdy momentum in electrical autos. We’ve got the biggest EV share progress of any producer. We’ve got 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 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 |
| Complete 2024 | 114,432 |
GM stays the biggest automaker within the U.S. when it comes to 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 biggest EV producer and vendor within the U.S.
Promising However Unsure New Yr
Nonetheless, coverage shifts could 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 will 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 can possible be a bumpy journey forward.
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