GM has now sold over 300,000 EVs in the US with ‘EV for all’ plan finally unfolding

GM has officially sold over 300,000 EVs in the US since 2016. The company announced the milestone on Monday as sales surged to a new record last quarter.

GM EV sales top 300,000 milestone in October 2024

In October 2024, GM reached an important milestone: EV sales in the US reached 300,000 since 2016. Across North America, GM has now sold over 370,000 all-electric vehicles.

After selling a record 32,095 EVs in the US in the third quarter, GM topped Ford and Hyundai to become the number two seller of electric models.

“Our strategy is working,” GM said on Monday. “We’re offering great new EV options for almost every kind of driver,” the statement added. The growth is being driven by new models launching in key segments.

GM has one of the biggest EV lineups, including luxury models like the Cadillac Lyriq, pickup trucks like the Chevy Silverado EV, and low-cost options like the new Chevy Equinox EV.

According to GM, the “most affordable EV in the US with +315 miles range,” Chevy’s $35,000 Equinox EV LT, now arriving at dealerships across the US. The lower-priced 2025 Silverado EV LT is also hitting dealerships across the US.

An option for almost every driver

GM’s momentum is poised to continue with new models like the Cadillac OPTIQ and ESCALADE IQ launching later this year.

Next year, GM will introduce the next-gen Chevy Bolt. GM’s president, Mark Reuss, confirmed the new model will launch next year as a “family of Bolts.”

Reuss also said the company’s “EV economics will improve as volume increases,” enabling even lower prices. GM’s president even took a jab at Ford, saying, “We don’t need to create a skunkworks to create affordable electric vehicles,” adding, “We know how to do this.”

GM said it can offer EVs at a lower price as battery costs continue to fall. Going forward, the company will drop its “Ultium” battery brand name while focusing on launching new chemistries to promote even lower costs.

The company said it’s “doing more than building EVs.” The company also makes it easier for drivers to go electric by expanding home and public charging options.

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