America's Fastest-Growing EV Brand Is Not Tesla—It's Chevrolet

Forbes

28-03-2025

Chevrolet shows off the new model Chevrolet Equinox EV during the Chicago Auto Show at McCormick ... More Place convention center in Chicago, Illinois on February 8, 2024. (Photo by Jacek Boczarski/Anadolu via Getty Images)
It's official. Tesla is no longer the fastest-growing electric car brand in the U.S. And it's not the startup Rivian either. When you think fastest-growing EVs in 2025, you have to think Chevrolet from General Motors.
Chevy's charge started in late 2024 thanks to the introduction of EVs including the Equinox, Blazer, and Silverado. Following a 50% increase in sales during the last three months, GM asserted that it was the "fastest-growing high volume EV manufacturer in the U.S.'
In the fourth quarter of last year, GM's market share of electric vehicles in the U.S. doubled to almost 12.5%. By the second half of 2024, GM had overtaken Ford to snatch the second spot in EV sales, behind Tesla.
DAYTONA BEACH, FLORIDA - FEBRUARY 16: The Chevrolet Blazer EV SS pace car drives during the NASCAR ... More Cup Series Daytona 500 at Daytona International Speedway on February 16, 2025 in Daytona Beach, Florida. (Photo by)
With Q4 Equinox EV sales up 85% from the previous quarter, Chevy led the increase. Even though it was only introduced last year, the Chevy Equinox EV was the ninth best-selling EV in the United States at the end of 2024.
"Chevrolet is currently the fastest-growing brand in the EV segment," claims JD Power. According to the new vehicle projection for March, 23% of consumers say they are "very likely" to think about buying an electric car as their next purchase, predicting "a month of stability for EVs.'
According to the research, thus far in March, "EV retail share is on the rise, crossing the 10% threshold,' says JD Power. Even though other brands like Rivian and Chevy are growing, Tesla's market share has decreased from 56% a year ago to 50% in 2025.
The electric Equinox is referred to by Chevy as "America's most affordable 315+ miles range EV." The Equinox EV LT FWD spec model has an estimated range of up to 319 miles and starts at $33,600. It comes in two trim levels, LT and RS, and is available with both FWD and AWD.
Meanwhile, orders for the 2025 Blazer EV SS went live last week. With FWD, AWD, and RWD powertrain options, the Blazer is now offered in LT, RS, and SS trim levels, boasts a range of up to 312 miles and starts at $45,995.
Even though the Trump Administration has introduced tariffs and threatened to abolish the federal tax credit system, buyers can still access the $7,500 tax rebate for all Chevy Equinox and Blazer EV models. This means that customers should be able to get an electric Equinox for about $26,000 or a Blazer EV for around $37,500 using the credit, making Chevy EVs some of the most reasonably priced on the market.