GM This autumn gross sales: Ultium grows, Bolt ends finest yr ever, GM EV share low at 3.1%

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GM has launched its This autumn gross sales numbers, displaying Ultium nonetheless ramping steadily, however total EV gross sales are down as its best-selling mannequin, the Bolt, winds down as Chevy takes it off the market in its finest yr of gross sales ever – leaving GM with solely 3.1% EV share, properly beneath the US common.

In This autumn, GM bought a complete of 19,469 EVs in This autumn, a small lower from final quarter’s complete of 20,092, and a major improve from This autumn 2022 which had 16,266 EV gross sales.

After fairly a little bit of problem getting Ultium off the bottom, GM’s new battery platform is lastly seeing vital ramps in manufacturing. Each Lyriq and Hummer EV gross sales grew, and Blazer and Silverado EV lastly noticed deliveries of vehicles to the general public, although nonetheless in small numbers.

GM EVs this year
2023 Hummer EV pickup and SUV variations (Supply: GM)

Hummer EV had a formidable quarter, significantly contemplating how ridiculously extreme it’s, with 2,028 in This autumn ’23, nearly doubling final quarter’s gross sales of 1,167 items, and up from simply 72 in This autumn of final yr.

The Lyriq noticed related progress, as GM bought 3,820 Lyriqs, up from 3,108 in Q3 and from 86 (sure, 86) in This autumn of 2022.

So whereas we’re not but seeing giant quantity deliveries of Ultium-based EVs, we’re at the least seeing vital ramping of deliveries every quarter now. Hopefully this implies the kinks are getting ironed out at GM, and the floodgates can actually open because the extra mass-market fashions come into play.

A kind of doubtlessly extra mass market fashions (at the least, when the bottom mannequin turns into obtainable – as of now, it’s arduous to justify the $56k base value when in comparison with the Lyriq) is the Blazer EV, which had its first buyer deliveries in This autumn. 463 Blazers had been delivered to prospects, marking the beginning of the mannequin’s availability. However this quantity would have been affected by a non permanent cease sale on the mannequin associated to software program points, which resulted in a recall right now.

The Silverado EV additionally began deliveries to prospects, however solely the work truck model is obtainable up to now. It bought in related numbers, with 443 items delivered in its first quarter of availability.

However the actual mass market mannequin, the Equinox EV, isn’t out but. So we’ll should see how the ramp goes on that, when it reveals up later this yr.

2022 Chevrolet Bolt EUV

Nevertheless, total EV gross sales had been down for GM, primarily on account of one mannequin: the Chevy Bolt. The Bolt had a down quarter, going from 15,835 items bought in Q3 to 12,551 in This autumn (additionally down from 16,108 in This autumn ’22). However this wasn’t as a result of individuals aren’t excited by it – it was as a result of GM ended Bolt manufacturing in December.

That is a part of a deliberate phaseout of the Bolt so GM can concentrate on Ultium, together with an upcoming Ultium-powered Bolt, nevertheless it additionally signifies that Chevy ended manufacturing on the Bolt throughout its best possible yr but.

Beforehand, the Bolt’s finest yr bought 38,122 items in 2022. However in 2023, the final yr of its existence, Chevy bought 62,045 Bolts – a 63% enchancment. And now it’s carried out, so we received’t get to see how far up that line might have gone.

However if you happen to’re nonetheless excited by a Bolt – and you ought to be, as a result of it’s an wonderful automobile – you possibly can nonetheless get one from Chevy within the subsequent weeks and months. And it’s a greater deal than ever now that the US EV tax credit score is now simpler to get for low-income consumers and obtainable upfront as properly, making it attainable to get a Bolt for beneath $20k off the lot. If you happen to’d like, you need to use our hyperlinks to contact your native sellers in regards to the 2023 Chevy Bolt EV or 2023 Chevy Bolt EUV, and see if they’ve any in inventory earlier than it goes away for good.

Lastly, GM delivered 164 BrightDrop vans, up from 35 final quarter.

Electrek’s Take

19,469 EVs represents 3.1% of GM’s 625,176 total gross sales in This autumn, which is properly beneath the US common of about 8% EV market share (based mostly on Q3 numbers). GM has claimed for years that it’s “all-in” on EVs, however it’s at the moment properly behind the pack in US EV gross sales.

GM workers advised us on the Blazer EV drive occasion that they’re definitely feeling the interior stress to get extra EVs out shortly, however taking a look at these numbers, it looks like there should not be practically sufficient stress. So we’re right here to offer a bit of extra.

If GM actually was “all-in” on EVs, then it needs to be bringing the common up, not pulling the common down. Even if you happen to ignore the all-EV startups (a more moderen one in all which, Rivian, is nearly matching GM in gross sales), huge automakers like Hyundai, VW and Volvo are all bringing the common up, together with a number of luxurious manufacturers (together with one GM model, Cadillac, and Hummer which is all-EV now). Why can’t the remainder of your manufacturers convey the common up too, GM?

GM is likely one of the largest automakers on the earth, and largest in America, and subsequently is extra liable for the air pollution choking all of our lungs than nearly anybody else.

GM’s present complacency on EVs isn’t solely not adequate, however it’s actively dangerous, as a result of a overwhelming majority of the corporate’s gross sales are of polluting automobiles. Each fuel automobile GM sells this yr will proceed to pollute the air for a decade or extra, exacerbating local weather change and inflicting political and social instability.

If GM was main the cost for EVs, if it was above the common as an alternative of beneath it, if it was making extra high-volume EVs after years of guarantees and getting them into prospects palms in quantity, then our phrases wouldn’t be as harsh. We’re positive that many GM workers are attempting – however the numbers present that it’s clear the corporate as an entire isn’t attempting arduous sufficient. 3% is pathetic. At the very least be common, GM.

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