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Latest Market News

EV sales surge for GM, Ford

  • : Battery materials
  • 25/01/03

US automakers General Motors (GM) and Ford achieved record sales of electrified vehicles (EVs) for the full year in 2024.

GM sold 114,432 EVs in 2024, up 50pc from the previous year. Its total vehicle sales grew by 4pc, reaching 2.7mn units — its best performance since 2019.

GM's EV sales gained momentum throughout 2024, with fourth quarter sales reaching 42,000 vehicles, an increase of 10,000 units from the third quarter and nearly double the sales of the second quarter.

Ford's EV sales totaled 285,291 vehicles in 2024, up by 38pc from the previous year. Its total vehicle sales reached 2.08mn units, up 4pc from a year earlier.

The automaker's F-series hybrid and electric models captured an estimated 76pc of the segment share, positioning Ford as the second-largest US electric vehicle brand behind Tesla.


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