Friday, July 19, 2024
NewsGM is Now the Second Largest Seller of EVs in the United...

GM is Now the Second Largest Seller of EVs in the United States

General Motors took second place in terms of EVs sales during the first quarter, ahead of Ford.

  • The company has surpassed Ford by almost double during the first quarter of the year.

  • GM still has a long way to go to match Tesla, which is still comfortably in first place.

  • Fourth place is occupied by Volkswagen, with 9,758 ID.4’s delivered.

With automakers releasing their financial results for the first quarter of the year, it has become apparent that General Motors has passed Ford to become the second most popular EV maker in the United States.

Indeed, the automaker managed to sell 20,670 electric vehicles during the first three months of 2023, which is 44 times more than it did in the first quarter of 2022.

During the same time period, Ford, which had been in second place in terms of sales of EVs in the American market, only sold 10,866 EVs.

This makes GM’s performance even more impressive, but it is important to note that Ford was held back by a fire risk that forced a shutdown of the F-150 Lightning’s assembly line for about a month earlier this year.

In addition, the Mustang Mach-E, the brand’s best-selling electric model, also saw its production stopped for 7 weeks while the company retooled a factory in Mexico with the aim of increasing the production rate in the coming months.

Despite all of this, Ford’s EV sales still rose by 41% over the same period in 2022, which speaks of the ever-increasing popularity of EVs as a whole.

General Motors and Ford are both determined to overtake Tesla and become the best-selling manufacturer of electric vehicles in North America, but they still have a very long way to go.

Indeed, Tesla delivered 161,000 electric vehicles in the U.S. during the last three months, which is more than half of all the EVs combined.

GM believes its upcoming models such as the Silverado EV, the Blazer EV, and the Equinox EV will help it gain some ground on Tesla in the coming years.

For now, the company relies on the Bolt EV and EUV duo for the bulk of its EV sales, which turned out to be 19,700 units.

The remaining sales are accounted for by the 968 Cadillac Lyriq SUVs that have reached their buyer last quarter and by 2 units of the GMC Hummer EV pickup.

Interestingly, the fourth place in the ranking is occupied by Volkswagen despite the German automaker having only one electric model to offer. Indeed, the ID.4 SUV found 9,758 buyers around the country.

As a whole, the EV market in the U.S. grew by 48% from January to March, reaching 258,000 sales and accounting for 7.2% of all of the vehicles sold in the country.

Source: AP News


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