General Motors’ US electric vehicle sales more than doubled in the second quarter from the same period a year earlier, adding to evidence of a growing appetite among consumers for battery-powered cars and trucks.
The Detroit carmaker said on Wednesday that it sold more than 15,000 EVs to retail customers between April and June, compared to roughly 7,000 during the second quarter of 2022. The 113 per cent increase was fuelled by strong demand for both the smaller and larger versions of the Chevrolet Bolt, which at approximately $27,000 is one of the most affordable EVs on the US market.
GM’s report followed strong production and delivery data from EV manufacturers Tesla and Rivian, sending shares of both companies sharply higher. Tesla sells the most EVs in the US market, followed by GM. GM’s Detroit rival Ford is due to report sales volumes on Thursday.
Read the full story on the Financial Times here.