GM: EV Sales -- October 20, 2024

Locator: 48610EVS.

Note: GM reports 3Q24 earnings this week.

These are dynamic updates -- accurate at the time they were posted but the numbers do change over time. In other words, the numbers below need to be updated / fact-checked.

Tracking

EVs: in round numbers --

• 2022:
• F: sold 61,575 EVs in 2022: became second-largest EV manufacturer in the US, behind Tesla
• F-150 Lightning price:
• $40K to $92K
  
• GM:
• sold fewer than 25,000 EVs in 2022
• 2023:
• Lucid, expectation: 2,000 EVS, 2Q23. Actual: 1,404 (two less than 1Q23).
  
• Tesla: 1.1 million EVs
• F: 500,000 EVs -- original estimate
  
• run rate
• F-150 Lightning: 150,000 annual run rate
• on track to triple production y/y
• sold 3,600 through February, 2023
• list price: $52K to $97K
  
• Mustang Mach-E: 210,000 annual run rate
  
• GM:
• to deliver 400,000 EVs by end of 2023, link here; 
• in fact, they barely delivered 75,000 EVs for the full year -- see below.
  
• will build a third factory to build thee Silverado EV
• currently: Factory Zero and the Orion assembly plant
  
• 2024:
• GM: lowered their forecast; now plans to deliver between 200,000 and 250,000 in CY24.
  
• 2025:
  
• 2026:
• Tesla:
• F: 2 million
• to begin T3 pickup production; full capacity: 600,000 units / yearly
  
• GM:
• Toyota: to have ten models 

So, how many EVs did GM sell in 2023? Holy mackerel! Are you kidding me?

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So, Now Back To October 20, 2024

CEO Barra said GM would make a profit on EVs this year, 2024, and that the company would phase out ICE vehicles completely by 2035. Link here.

 So, I was curious how that was working out.

That's why the dynamic data was posted above.

Now, let's ask GoogleAI how many EVs GM would sell in 2024. This is from GoogleAI:

Having said that, making a profit is one thing, but it's all about margins.