"Tesla had another dreary quarter and GM is doubling down on EV production as automakers gear up for the end of federal tax credits."
"So far, 2025 has been a mixed bag for EV sales in the U.S. A record 607,089 EVs left the lot in the first six months of the year, Cox Automotive reports, but sales in the second quarter were still lower than in Q2 2024.
A big part of that Q2 decline has to do with Tesla, which remains the U.S.’s top EV seller but has suffered stateside and around the world thanks to CEO Elon Musk’s stint in the White House. This week, Tesla reported its profits dropped 16% in Q2 compared to the same period last year. Tesla doesn’t report its sales, but it delivered nearly 60,000 fewer vehicles in Q2 compared to a year ago.
General Motors, meanwhile, had better news to share. It sold 46,280 EVs in Q2, more than double its sales in the same period last year. That’s still a far cry from Tesla’s 380,000-plus deliveries, but it was enough to make GM the No. 2 EV brand in the U.S. And slower EV sales across the industry aren’t deterring GM CEO Mary Barra, who said the company sees EV production as its “North Star.”
Rivian reported a delivery decline in the second quarter but still plans to build new headquarters and an EV factory in Georgia. Smaller EV company Lucid says it delivered a record 3,309 cars in Q2."
Kathryn Krawczyk reports for Canary Media July 25, 2025.
SEE ALSO:
"Chart: Public EV Chargers Are Growing Steadily In The US" (Canary)
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