Complete Story
11/29/2024
GM Takes a Shot at Ford After Taking Over as Number Two EV Brand in the US
Source: Fleet Management Weekly
GM is the second best-selling EV brand in the US after topping Ford in the third quarter. With EV prices coming down, GM took a shot at its rival on Tuesday, saying it “doesn’t need a skunkworks team to create affordable EVs.”
“We’re now the number two seller of EVs in North America,” GM boasted during its 2024 Investor Day on Tuesday.
After selling a record 32,095 electric vehicles in Q3, GM officially overtook Ford through the first nine months of 2024. GM has sold 70,450 EVs in the US through September, while Ford has sold 67,689.GM told investors on Tuesday that new models are helping improve EV profits. With “the most diverse EV portfolio in the industry,” the company is taking EV market share from rivals.