Common Motors GM stated on Friday that it bought practically 44,000 electrical automobiles within the fourth quarter of 2024 with the assistance of recent car fashions, successfully overtaking rival Ford Motor Co. F which has been hesitant so as to add new EV fashions.
What Occurred: GM bought 43,982 EVs within the three months by the tip of December, marking a progress of 125% year-on-year, with the Chevrolet Equinox EV accounting for a majority of the deliveries.
GM began deliveries of the Equinox EV in Might 2024. Within the second quarter, the corporate delivered only one,013 models of the car. Nonetheless, within the third quarter, supply numbers rose to 9,772 models and additional to 18,089 in This fall. The Equinox EV accounted for 41% of the corporate’s total EV gross sales within the final quarter.
The SUV’s entry-level variant begins at about $35,000, decrease than Tesla’s Mannequin Y SUV or Ford’s Mustang Mach-E.
Different best-selling EVs within the quarter embrace the Cadillac Lyriq and the Blazer EV. The corporate additionally bought 670 models of its luxurious 7-seater electrical SUV referred to as Escalade IQ EV with a beginning worth of round $130,000.
Bolt EV gross sales within the quarter, nonetheless, dropped by 99.6% within the quarter after the corporate discontinued its manufacturing in late 2023.
Why It Issues: GM at present has the longest EV lineup amongst main U.S. EV gamers together with EV big Tesla.
Tesla’s present lineup has simply 5 automobiles – Mannequin 3, Mannequin Y, Mannequin S, Mannequin X, and the Cybertruck.
Dearborn-based Ford, in the meantime, has solely three EV choices within the U.S. – the Mustang Mach-E SUV, the F-150 Lightning pickup truck, and the E-transit van. The corporate bought simply 30,176 EVs within the U.S. within the fourth quarter.
Regardless of the longer EV lineup, electrical automobiles accounted for less than about 6% of GM’s whole car gross sales within the final three months of 2024.
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Picture courtesy: Chevrolet
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