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GM Doubles EV Sales to Secure No. 2 U.S. Position as Tariffs Hit Profits

A $4 billion retooling plan will repurpose U.S. plants to absorb a $1.1 billion tariff hit

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General Motors CEO Mary Barra told investors Tuesday the automaker's EV sales rose %111 in the second quarter.
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Overview

  • GM sold 46,280 electric vehicles in Q2 2025, a 111 percent year-over-year increase that lifted its share to 16 percent of the U.S. EV market
  • Chevrolet rose to the No. 2 spot among U.S. EV brands and Cadillac claimed the lead in the luxury electric segment
  • President Trump’s 25 percent auto tariffs shaved $1.1 billion off Q2 results and are expected to impose a larger hit in the third quarter
  • GM posted $47.1 billion in Q2 revenue, beating estimates, while EBIT fell 35 percent to $3.04 billion as executives reiterated profitable EV production as their guiding principle
  • The automaker aims to mitigate at least 30 percent of a projected $4–5 billion tariff burden through production shifts, targeted cost cuts and price adjustments