- General Motors set a new monthly record of over 19,000 EVs sold in July, driven by strong demand for the Chevrolet Equinox EV.
- Equinox EV accounted for more than 8,500 units, approximately 45% of GM's total EV sales.
- Chevrolet surpassed Ford and Hyundai, becoming the second-best-selling EV brand in the US.
- Despite the massive growth, some analysts remain cautious, claiming GM's second-quarter results looked fine on paper. Still, they are showing deteriorating margins in North America and renewed losses in the EV business, exacerbated by tariffs.
General Motors cars are making some serious noise in the electric vehicle world. In 2025, GM set a new monthly record of over 19,000 units sold in July, driven by strong demand for the Chevrolet Equinox EV.
With more than 8,500 units sold, the compact SUV accounted for 45% of GM’s total EV sales. It is not only the best EV sales recorded in a month, but also the highest monthly total ever recorded by a non-Tesla vehicle in the United States.
The Equinox EV is priced under $35,000 and offers up to 319 miles of range, proving that affordability and performance can go hand in hand. As a result, Chevrolet has become the second-best-selling EV brand in the US, helping GM capture a 12.9% market share.
What is the Complete Story?
On Monday, General Motors announced that its US electric vehicle sales reached a monthly record of over 19,000 units in July. The Chevy Equinox EV itself accounted for more than 8,500 units, which is around 45% of GM’s total EV sales.
GM stated that “It not only makes July the best sales month for the Equinox EV, but also the highest monthly total ever recorded by a non-Tesla EV in the US.”
These sales rose 115% year-on-year in July. According to some sources, in the first half of 2025, the automaker delivered more than 78,000 electric vehicles, which is more than double the number of cars sold in the same period last year.
Chevrolet has become the second-best-selling EV brand in the US, surpassing Ford Motor Company and Hyundai. According to Cox Automotive, it helps GM secure a 12.9% share of the domestic EV market, second only to Tesla.
GM’s Numbers Look Strong—But Analysts Aren’t All Convinced
Despite this massive top-line growth, analysts remain cautious. Last week, Bernstein claimed that the GM’s second-quarter results looked fine on paper. Still, they are showing deteriorating margins in North America and renewed losses in the EV business, exacerbated by tariffs.
However, some analysts decided to remain constructive. For example, Daniel Roeska raised his GM shares to $41 from $36 last week, citing improved visibility on trade-related headwinds.
In the recent week, Bank of America, Barclays, and Deutsche Bank have all decreased their prices, while Wells Fargo raised theirs from $38 to $61, respectively.
Sources: EV
