- Basic Motors ended 2024 with a report 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 report fourth quarter for GM’s EVs.
Basic Motors has pulled off probably the greatest comebacks of 2024. In 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 someway turned 2024 right into a banner yr, increasing its EV market share and posting report gross sales for all its manufacturers.
The automaker mentioned on Friday that its total U.S. gross sales elevated 4% to 2.7 million models—its highest whole since earlier than the pandemic. Electrical automobile gross sales had been the true spotlight, rising 50% within the fourth quarter in comparison with the earlier yr and surging 125% for the yr.
GM bought a report 114,432 EVs within the 12 months ending December.
Last quarter outcomes are usually 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 yr throughout the Chevy, Cadillac and GMC manufacturers. Almost all noticed vital gross sales progress within the last quarter and 2024.
Equinox EV Leads The Pack
Photograph 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 bought 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 automobile credit score factored in, qualifying consumers can snag one for as little as $27,500—relying on tax liabilities.
Scorching on its heels was the Cadillac Lyriq, GM’s earlier EV gross sales chief, with 28,402 models bought in 2024, together with 8,000 within the fourth quarter. Cadillac’s lineup is just getting stronger, with the Escalade IQ gaining traction (670 models bought 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 yr.
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 practically 14,000 Hummer EVs (pickup and SUV), a formidable 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 models, respectively. BrightDrop’s electrical supply vans—now beneath the Chevy model—accounted for an additional 1,529 models.
“From my standpoint, the automotive business is pushed by momentum. Basic Motors has momentum on its aspect,” mentioned Rory Harvey, GM govt VP and president of world markets. “We confirmed robust momentum in electrical autos. We’ve the biggest EV share progress of any producer. We’ve 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 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 | 5,019 | 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. by way of 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 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
Nevertheless, coverage shifts could 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—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 can probably be a bumpy experience forward.
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