GM U.S. Electric Vehicle (EV) Sales and Market Share

EV charging. Pixabay Image

This article presents General Motors (GM)’s electric vehicle (EV) sales performance within the U.S. market, alongside its corresponding market share.

Additionally, it delves into GM’s EV sales figures by individual models. GM has achieved significant diversification in its EV lineup, featuring models such as the Bolt EV, Blazer EV, Silverado EV, Sierra EV, and more.

Keep in mind that the vehicle sales data presented is based on the retail volume.

Let’s take a closer look!

For other key statistics of General Motors, you may find more information on these pages:

Sales & Market Share

• Worldwide sales and market share,
• Sales by country: U.S., China, Brazil, U.K., etc.,
• Sales by region: America, Asia, MEA, and Europe,
• Market share by region: America, Asia, and Europe,
• Market share by country: U.S., China, Brazil, U.K., etc.,

Wholesale

• Global wholesale and wholesale by segment: North America and International,

U.S. Sales & Market Share

• Sales of truck, car, and SUV,
• Market share of truck, car, and crossover,

Revenue

• Revenue segments: new and used vehicle sales, services, and more,
• GM revenue by segment: GMNA, GMI, GM Financial, and Cruise,

Profit Margin

• Profit margin breakdown: automotive, Cruise, and GM Financial

Debt & Cash

• Financial health: total debt, payment due, and credit rating,
• Cash reserves and cash flow analysis

GM China Statistics

• GM China: vehicle sales, revenue, profitability, and market share

Other Statistics

• GM vs Tesla: vehicle profit and margin analysis,
• GM vs Tesla: R&D budget,
• Inventory levels, inventory days and turnover ratio,
• Share buyback history,

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Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

Existing And Upcoming EV Models: General Motors’ existing and upcoming EV models:

Existing Models

• Cadillac

  • Cadillac LYRIQ
  • Cadillac Escalade IQ

• Chevrolet

  • Bolt EV and Bolt EUV
  • Chevrolet Silverado EV
  • Chevrolet Blazer EV
  • Chevrolet Equinox EV

• GMC

  • GMC HUMMER EV
  • GMC Sierra EV

• Commercial Van

  • BrightDrop Zevo

Upcoming Models

• Cadillac CELESTIQ
• Cadillac OPTIQ
• Buick Electra E4 and E5
• Corvette

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General Motors EV Strategy

General Motors has set a goal of producing 30 new electric vehicles by 2025, with an investment of $27 billion in EV and autonomous vehicle technology.

GM’s Ultium battery technology is a key component of this strategy, offering a longer range and faster charging times than previous battery technology.

GM has also made significant investments in charging infrastructure, with plans to install 40,000 charging stations across the United States. The company has also formed partnerships with major charging networks to enhance the accessibility and availability of charging stations.

In addition, GM has announced plans to halt production of gasoline and diesel-powered vehicles by 2035 and to become carbon-neutral by 2040. This ambitious plan aligns with GM’s commitment to sustainability and reducing its carbon footprint.

Overall, GM’s EV strategy is focused on innovation, sustainability, and accessibility to make electric vehicles more accessible and affordable for consumers.

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Insight & Summary of GM’s U.S. EV Sales

The following analysis consolidates the trends observed across GM’s U.S. sales of EV for the 2022–2025 period.

• Total EV Sales: Rapid Scaling from a Small Base. GM’s U.S. EV sales grew from 38,900 units in 2022 to 169,887 in 2025 — a 4.4x increase in three years — with a 3-year average of 120,096 units. The growth rate has been accelerating: 95.6% in 2023, 50.5% in 2024, and 48.4% in 2025, maintaining a pace that few incumbent automakers have matched. As a share of GM’s total U.S. vehicle sales, EVs grew from 1.7% in 2022 to 6.0% in 2025 — a meaningful step-up but still modest relative to the broader EV market’s trajectory. GM’s U.S. EV market share improved sharply from 6.9% in 2023 to 12.5% in 2024 (the last year reported), a significant gain reflecting successful new model launches and improved production capacity.

• The Bolt Era Has Ended; Equinox EV Is Now the Volume Leader. The most consequential product transition in this dataset is the effective discontinuation of the Chevrolet Bolt EV/EUV. After anchoring GM’s EV lineup at 97.1% of total EV sales in 2022 and 81.8% in 2023, Bolt sales collapsed to 8,627 in 2024 and just 123 in 2025 — the product has been effectively wound down. Its successor as volume leader is the Chevrolet Equinox EV, which went from zero sales in 2023 to 28,874 in 2024 and 57,945 in 2025, capturing 34.1% of GM’s EV mix in its second year of availability. This transition reflects GM’s deliberate pivot from a dedicated EV platform (Bolt) to mass-market crossover formats that appeal to mainstream buyers rather than early adopters.

• Cadillac LYRIQ Is the Luxury EV Anchor. The LYRIQ grew from 122 units in 2022 to 28,402 in 2024 before moderating to 20,971 in 2025 — the first year of slight softening, likely reflecting market saturation at its price point and competition from newer Cadillac EV entries. With a 3-year average of 19,509 units and 16.4% of the EV mix, the LYRIQ has been GM’s most consistent luxury EV performer. It is now being supplemented by the Escalade IQ EV (8,115 units in 2025), the OPTIQ (12,187 units in its debut year), and the VISTIQ (7,879 units in debut), signaling a broader cadillac EV portfolio buildout.

• GMC and Truck EVs Provide Commercial and Strategic Optionality. The GMC Hummer EV has been a steady presence — 854 units in 2022 growing to 15,788 in 2025 — and at 9.3% of the 2025 mix, it holds a durable niche. The GMC Sierra EV launched in 2024 (1,788 units) and grew to 7,996 in 2025, while the Chevrolet Silverado EV reached 11,275 units in 2025. Together, the truck EVs (Hummer + Sierra + Silverado) represented approximately 20.6% of GM’s EV mix in 2025 — a significant share that reflects the strategic importance of truck electrification in the U.S. market. BrightDrop commercial EVs remain a small contributor (2.9% of mix in 2025) with an uncertain strategic future given the segment’s challenges.

• Portfolio Diversification Is the Defining 2024–2025 Story. In 2022, two models (Bolt and Hummer EV) accounted for 99.3% of GM’s EV sales. By 2025, eleven models were active, with no single model exceeding 34.1% of mix (Equinox EV). This diversification reduces single-model concentration risk and allows GM to address multiple price points and use cases simultaneously. However, it also increases complexity in manufacturing, supply chain, and go-to-market execution — a trade-off that will test GM’s operational discipline as volumes scale.

• Structural Takeaway: GM’s EV trajectory is one of the most aggressive ramp-ups among incumbent automakers globally. The transition from Bolt-dependence to a multi-model, multi-segment portfolio has been executed successfully in terms of unit volume. The Equinox EV’s emergence as the volume anchor — at a mainstream price point — is strategically critical, as mass-market accessibility is the primary enabler of EV penetration beyond early adopters. The key forward questions are whether the 48%+ growth rate can be sustained through 2026–2027, what the profitability profile of each model is at current volumes, and whether GM’s U.S. EV market share continues to build from the 12.5% reported in 2024.

The table below combines all key U.S. EV sales metrics into a single view for the latest three fiscal years.

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U.S. EV Sales, EV Sales as % of Total, and EV Market Share

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All EV Models from Chevrolet, Cadillac, GMC, and BrightDrop – Sales Numbers

You may find more information about GM’s existing and upcoming EV models here: GM’s existing and upcoming EV models.

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All EV Models from Chevrolet, Cadillac, GMC, and BrightDrop – Sales Mix

You may find more information about GM’s existing and upcoming EV models here: GM’s existing and upcoming EV models.

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References and Credits

1. All sales and market share figures presented were obtained and referenced from GM’s annual and quarterly reports published on the company’s investor relations page: GM Shareholder Information.

2. Pixabay Images.

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Disclosure

We may use artificial intelligence (AI) tools to assist us in writing some of the text in this article. However, the data is directly obtained from original sources (usually the quarterly and annual reports) and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.

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