General Motors sells 21,000 electric vehicles in August
General Motors (NYSE:GM) sold more than 21K electric vehicles in August -- a new record -- driven by strong demand for its Chevy Equinox, Cadillac LYRIQ, and GMC Sierra.
This follows a monthly record in July of more than 19K EVs sold, an increase of 115% from July 2024.
The surge in demand is likely attributed to customers capitalizing on the federal EV tax credit before expiring at the end of September.
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General Motors (NYSE:GM) sold more than 21K electric vehicles in August -- a new record -- driven by strong demand for its Chevy Equinox, Cadillac LYRIQ, and GMC Sierra.
This follows a monthly record in July of more than 19K EVs sold, an increase of 115% from July 2024.
The surge in demand is likely attributed to customers capitalizing on the federal EV tax credit before expiring at the end of September.
(continued)