GM Sets Record U.S. EV Sales in August as Tax Credit Deadline Drives Rush
GM links the surge to the looming end of federal EV tax credits.
Overview
- The automaker sold more than 21,000 EVs across Chevrolet, Cadillac, and GMC in August, its highest monthly tally to date.
- GM expects strong demand to continue through September before sales decline after credits expire on September 30, and it plans to trim production to avoid oversupply.
- Momentum came from the Chevrolet Equinox EV, Cadillac Lyriq, and GMC Sierra EV, and GM says it remains the No. 2 EV seller in the U.S.
- GM projects customer access to over 65,000 public fast‑charging bays by year‑end, growing to more than 80,000 next year and 100,000 by the end of 2027.
- Executives say some competitors are scaling back EV plans, discounting will ease, and GM will rely on its ICE lineup to maintain flexibility and profitability.