GM Sees Surge in EV Sales with Expanded Lineup
Despite past setbacks, GM’s diverse range of electric vehicles is driving significant sales growth.
- GM's EV sales through August increased by 70% compared to the previous year, nearly matching its full second-quarter sales in just two months.
- The automaker currently offers eight Ultium-based EVs, with plans to add two more Cadillac models by the end of the year.
- Despite falling short of initial targets, GM is optimistic about a strong finish to the year and forecasts a significant increase in EV adoption in the fourth quarter.
- GM's EV sales are still behind Tesla and Hyundai/Kia, but the company is closing the gap with Ford, trailing by only 2,000 units through August.
- The company aims to produce between 200,000 and 250,000 EVs this year, down from an earlier goal of 200,000 to 300,000 units.