GM claims No. 2 spot in US electric vehicle sales
General Motors Co. topped crosstown rival Ford Motor Co. to take the No. 2 spot in U.S. electric vehicle sales for the first five months of 2025.
The Detroit automaker announced 62,000 EVs sold this year through May. Chevrolet carried sales among the company's brands, with 37,000 sold in the United States in that same period.
Ford sold 34,132 EVs through May, according to the company. That represents a quarter drop year-over-year as sales of the F-150 Lightning pickup and E-Transit commercial van declined 42% and 93%, respectively.
GM saw 94% year-over-year growth in domestic EV sales in the first quarter of 2025 and boasted more than 15% of U.S. EV market share.
"Customers are responding in record numbers to our world-class portfolio of electric and gas-powered vehicles," Rory Harvey, executive vice president and president of global markets, said in a statement. "In the first two months of the second quarter, we more than doubled our EV sales compared to the same period last year."
Part of the bump is attributable to price-conscious buyers worried about tariffs raising prices and legislative efforts to strip the $7,500 EV tax credit, said Sam Fiorani, vice president of AutoForecast Solutions LLC.
"The idea that parts may be in short supply, costs may go up, all of these factors are weighing on the decision-making of buyers today," Fiorani said. "If they believe that they're going to need a vehicle in the next few months, a lot of them have moved to the dealership now to purchase while they believe the prices will be lower."
GM still trails Tesla Inc. in EV sales, but CEO Elon Musk's dominance is waning in the face of domestic and Chinese competition.
Tesla sold 1.3 million cars in the first quarter of 2025, a 9% decline from the year-earlier period, according to Bloomberg. Tesla's share of the U.S. EV market dropped from almost two-thirds to less than half in the past two years, according to Bloomberg reporting.
Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
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