- Basic Motors ended 2024 with a report 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 report fourth quarter for GM’s EVs.
Basic Motors has pulled off one of many greatest comebacks of 2024. In the 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 automobile efforts. Quick-forward by 12 months, and GM by some means turned 2024 right into a banner 12 months, increasing its EV market share and posting report 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. EV gross sales had been the actual spotlight, rising 125% within the fourth quarter in comparison with the identical interval in 2023 and surging 50% for the total 12 months. GM offered a report 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 12 months throughout the Chevy, Cadillac and GMC manufacturers. Practically all noticed vital gross sales development within the remaining 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 items 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 automobile credit score factored in, qualifying consumers can snag one for as little as $27,500—in the event that they meet revenue limits too.
Sizzling 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 simply 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 12 months.
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 vital numbers.
GMC offered practically 14,000 Hummer EVs (pickup and SUV), a powerful feat for a automobile 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 standpoint, the automotive trade is pushed by momentum. Basic Motors has momentum on its facet,” stated Rory Harvey, GM govt VP and president of world markets. “We confirmed robust momentum in electrical autos. We have now the biggest EV share development of any producer. We have now 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 report after report 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 | 5,091 | 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 biggest 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 maker 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
Nevertheless, 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 objects manufactured in Mexico and Canada, and each the Equinox EV and Blazer EV are made throughout our Southern border. Trump will even push to finish the $7,500 federal clear automobile credit score that made EVs extra accessible to a broader viewers. Buckle up, as a result of it should possible be a bumpy journey forward.
Have a tip? Contact the writer: [email protected]
