GM's EV Sales Surge

https://www.perplexity.ai/page/gm-s-ev-sales-surge-xQDThn_UQ4Cwvc5z14JL7A

GM's electric vehicle (EV) sales surged dramatically in 2024, with a 125% increase in the fourth quarter and a 50% rise for the full year, totaling 114,432 EVs sold[1]. This robust growth propelled GM to become the second-largest EV seller in the U.S. in the latter half of 2024, nearly doubling its market share to around 12% by the fourth quarter[1]. Key drivers of this success included:

* The Chevrolet Equinox EV, which quickly became one of the top five best-selling EVs in the U.S.[1]
* Strong sales of other models like the Cadillac Lyriq, Chevrolet Blazer EV, and GMC Hummer EV[1]
* A diverse EV portfolio ranging from $35,000 to over $300,000, catering to a wide range of consumers[2]
* The introduction of new models such as the Cadillac Escalade IQ and GMC Sierra EV[1]

This impressive EV performance contributed to GM's overall 4% increase in U.S. sales for 2024, reaching 2.7 million vehicles – its highest total since 2019[3]. The company's success in the EV market, combined with its strong performance in traditional vehicle segments, has positioned GM as a formidable competitor in the evolving automotive landscape.

Pete