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Tesla GM EV Sales Rise Despite End of Federal Incentives - News Directory 3

Tesla GM EV Sales Rise Despite End of Federal Incentives

October 3, 2025 Victoria Sterling Business
News Context
At a glance
  • * ⁢ GM's EV Market Share Growth: General Motors (GM) has substantially increased its EV market share in the U.S.
Original source: cnbc.com

Here’s a breakdown of the key details from the provided text:

* ⁢ GM’s EV Market Share Growth: General Motors (GM) has substantially increased its EV market share in the U.S. in 2025, rising from 8.7% at the⁣ beginning of the year to 13.8% through the third quarter. This surpasses Hyundai (including kia) at 8.6%.
* GM‍ Leads in Growth & Incentives: GM estimates it leads the U.S.industry in EV market share⁢ growth with ⁤the ⁢ lowest incentives offered⁣ by any major automaker.
* ⁢ GM’s EV Sales Numbers: GM ⁤sold 144,668 EVs through September, representing 6.8%⁣ of its total U.S. sales.
* Market Share Ranking (through Q3):

  1. Tesla (implied to ⁣be the leader, though specific percentage not given)
  2. GM (13.8%)
  3. Hyundai/kia (8.6%)
  4. Ford⁤ Motor (6.6%)
  5. Volkswagen (5.4%)
  6. honda Motor (4.6%)
  7. BMW (3.6%)

* GM’s Overall Position: GM believes it is⁢ well-positioned for the changing U.S. auto market due to its strong lineup of both internal combustion engine (ICE) and EV vehicles, consistent pricing, low incentives, ⁢and healthy ⁤inventory levels.
*⁤ EV Startup Performance: The article mentions⁤ that EV startups are seeing sales increase each quarter, but doesn’t provide specific⁣ details about their market share.

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