General Motors' overall sales are down, but its EV sales are seeing a meteoric rise. The Chevy Equinox EV eclipsed the Cadillac Lyriq as its best-selling EV.
Overall U.S. auto sales are expected to weaken in the third quarter, according to industry experts. But electric vehicles are emerging as a bright spot for several automakers, and General Motors in particular is now staging a gradual yet strong comeback with a steady rise in its EV sales. So far in 2024, the EV sales story has been rocky. The year started with uneven EV sales amid Tesla's sales decline.
The Lyriq Puts Cadillac Very Firmly In The Game Cadillac sold 7,224 units of the Lyriq in Q3, compared to 3,018 units during the same period previously. That's a 140% rise year-over-year, not bad for what's a luxury electric crossover starting at $57,000 before taxes and fees. GM said the Lyriq has been outselling all EV models from BMW, Mercedes-Benz, Audi and Lexus. InsideEVs The sales of GM's EV models taking off are sign of a larger audience warming up to battery powered cars.
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