"If you zoom out far enough, 2025 was an excellent year for EVs at General Motors. Overall EV sales were up In fact, it was the second-best-selling manufacturer in America as far as EVs were concerned, bested only by Tesla. But we saw both of those things coming from a mile away. Zoom in on GM's numbers just a little bit and you'll see it's not all good news, though."
"GM EV sales fell 43% year-over-year in the fourth quarter, a figure made all the more dramatic by how much growth GM was demonstrating through most of the year. Photo by: Cadillac/YouTube The slowdown wasn't supposed to happen this fast. Automakers and investors both expected sales to slip. However, the expectation was that at least some EVs would continue to bolster Q4 numbers."
"In fact, every EV sold by GM took a hit last quarter. The Cadillac Lyric, for example, fell more than 45% year-over-year in Q4 while the Chevy Blazer EV nosedived nearly 80% compared to 2024. GM knew that this was coming. It warned the world that "near-term EV adoption will be lower than planned" in a letter to shareholders at the end of Q3 and, as a result, GM was acting to "address overcapacity" to reduce EV losses in 2026."
General Motors achieved a full-year EV sales record in 2025 and ranked second in U.S. EV sales behind Tesla. Overall EV sales rose during most of the year, but fourth-quarter EV deliveries dropped sharply, with a 43% year-over-year decline. Every GM EV model saw declines in Q4, including the Cadillac Lyric (down over 45%) and the Chevy Blazer EV (down nearly 80%). The Q4 contraction accelerated after the expiration of federal tax credits and regulatory shifts softened demand. GM warned of lower near-term EV adoption and began actions to address overcapacity and reduce EV losses in 2026. Gas-powered models showed steadier performance during the same period.
Read at insideevs.com
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