- GM sold 103% more EVs through Q3 this year compared to 2024.
- The top-seller was its most affordable model, the Chevrolet Equinox EV, whose sales exceeded 25,000 units in Q3.
- The Q3 sales spike was also spurred by the looming end of the federal tax credit.
As expected, the end of the federal electric-vehicle tax credit had people rushing to their local dealerships. And General Motors, which has been increasing its EV roster and today sells many of the country’s most popular EVs, is reaping the benefits.
After two good quarters, sales continued to climb this past quarter when GM managed to deliver 66,501 electric vehicles in Q3, putting it on track for a very strong finish this year.
GM has already sold 144,668 EVs through Q3, which is 103% more than in 2024. It has already considerably exceeded the 114,432 EVs that it sold in all of last year, and there’s still an entire quarter to go in 2025. However, EV sales will slow down in Q4 because of the big Q3 push to buy EVs before the end of the tax credit.
The manufacturer has seen improvements in all EV segments where it’s present. The affordable Chevrolet Equinox has maintained its position as the best-selling non-Tesla EV, with sales up 157% exceeding 25,000 units in Q3.
Three electric Cadillacs (Lyriq, Optiq and Vistiq) made the Q3’s top 10 best-selling luxury EVs list. This made Cadillac the number one premium EV manufacturer by sales volume in Q3 and gave it a large share of the total luxury segment, also helped by the introduction of the Escalade IQ, which also received an extended-wheelbase IQL variant.
Even GMC’s EV year-to-date sales have doubled, according to the manufacturer, and thanks to a solid performance of its combustion models, GMC is tracking for its strongest year ever. “No one is in a stronger position for a changing U.S. market than GM,” said Duncan Aldred, GM’s senior VP and president of North America. “We have the best lineup of ICE and EV vehicles we’ve ever had. Our brands have grown market share with consistently strong pricing, and low incentives and inventory.”
GM has managed to become an EV leader in the U.S. because it offers a broad range of models in different segments. It currently has eight electric models on sale, if we count the BrightDrop electric vans, and it’s preparing to launch its most affordable electric offering, an all-new Bolt EV, which will start at around (or possibly even under) $30,000 when it arrives for the 2027 model year.
The cheapest GM EV today is the Equinox, which starts at $35,100 in base LT trim and is a lot of EV for the money with plenty of features, including standard vehicle-to-load (V2L) bidirectional charging. At the other end of the GM EV lineup sits the Cadillac Escalade IQ, which is America’s longest-range electric SUV capable of exceeding its EPA range even when driven at a constant 70 mph.
Cadillac has also started deliveries of its top model, the hand-assembled Celestiq fastback flagship, which has a starting price of $400,000. We know of at least four units that were delivered so far this year and the manufacturer says it only plans to make 25 this year before ramping up to no more than 500 units annually starting in 2026. These won’t have a significant impact on GM’s total EV sales number, but the profit margin for the manufacturer should surpass anything else it sells today.
