Summary
- General Motors ended 2024 with a record 114,432 EVs sold
- Chevy Equinox EV was the top-selling EV for GM in 2024 followed by Cadillac Lyriq and Chevy Blazer EV
- GM saw record sales for all its brands in 2024, with a 125% increase in EV sales in the fourth quarter
- GM’s pickup trucks and electric delivery vans also contributed significantly to its EV sales
- GM’s EV market share increased to 12% in the fourth quarter, making it the second-best-selling EV maker in the U.S. after Tesla.
Article
GM’s Record-Breaking Year in EV Sales
General Motors managed to pull off a remarkable comeback in 2024, ending the year with record-breaking EV sales. The automaker sold a total of 114,432 EVs, with the Chevy Equinox EV leading the pack followed by the Cadillac Lyriq and the Chevy Blazer EV. This success marked a significant turnaround from the production problems and delays that plagued GM’s electric vehicle efforts in the previous year.
Chevy Equinox EV Leads the Charge
The Chevy Equinox EV emerged as GM’s top-selling EV in 2024, with 28,847 units sold throughout the year. The affordable electric crossover gained significant traction in the final quarter, with 18,089 units sold. Priced at $35,000 before incentives, the Equinox EV offers over 300 miles of range and qualifies for a $7,500 federal clean vehicle credit, making it an attractive option for buyers looking for a budget-friendly EV.
Cadillac and Chevy Models Make Waves
Following closely behind the Equinox EV, the Cadillac Lyriq and the Chevy Blazer EV also saw strong sales numbers in 2024. The Cadillac Lyriq, previously a sales leader for GM, sold 28,402 units, with the Chevy Blazer EV moving 23,115 units. Cadillac’s lineup continues to expand, with upcoming models like the Escalade IQ, Optiq, and Vistiq poised to further strengthen the brand’s presence in the electric vehicle market.
Electric Trucks and Vans Support GM’s EV Sales
While electric crossovers dominated GM’s EV sales, the automaker also saw success with its electric pickups and BrightDrop vans. The GMC Hummer EV, with nearly 14,000 units sold, proved to be a standout performer despite its high price point starting at $100,000. Models like the Chevy Silverado EV, GMC Sierra EV, and BrightDrop’s electric delivery vans also contributed to GM’s overall EV sales success.
GM’s Strong Momentum in the EV Market
General Motors’ EV momentum was not just a holiday spike but a year-long climb fueled by a diverse lineup of electric vehicles spanning affordable crossovers to luxury SUVs. With 10 fully electric models on sale across the Chevy, Cadillac, and GMC brands, GM experienced significant sales growth in the final quarter and throughout 2024. The automaker remains committed to offering something for everyone, regardless of their driving preferences.
Challenges on the Horizon for GM
Despite its record-breaking year in EV sales, GM faces uncertain challenges moving into the new year. Potential policy shifts, such as President-elect Donald Trump’s threats of tariffs on items manufactured in Mexico and Canada, could impact the production of vehicles like the Equinox EV and Blazer EV. Additionally, the push to end the $7,500 federal clean vehicle credit may make EVs less accessible to a broader audience. It remains to be seen how GM will navigate these challenges and sustain its momentum in the EV market.
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