GM broke Q2 and first-half EV sales records with new models like the
Chevy Blazer and Equinox EVs hitting the market. However, GM’s new electric cars were not the only ones driving growth, as sales of the Cadillac Lyriq and GMC Hummer EVs also surged.
GM EV sales pick up, breaking Q2 and first-half records
After running into software glitches, freight delays, and other hurdles, GM missed its EV sales target last year. However, CEO Mary Barra believes GM
will turn things around, calling 2024 “the year of execution.”
GM delivered 21,930 EVs in the
second quarter of 2024, up 34% from Q1. Through the first half of the year, EV sales reached 38,355. With EV sales climbing, GM set new Q2 and second-half records.
According to GM, retail EV registrations are up 17% YTD, outpacing the industry average of 10%. The automaker plans to offer ten EV nameplates by the end of 2024.
Its newest electric Chevy models are already having a big impact. GM sold 6,634 Chevy Blazer, 1,013 Equinox, and 2,196 Silverado EVs.
The new electric models are attracting buyers from other brands. For example, 40% of Blazer EV buyers are new to GM, coming from brands like Jeep, Ford, Hyundai, and Kia.