Ultium grows, Bolt ends greatest yr ever as GM has 3.1% EV share Unveiled: Uncover Auto Excellence at Autoxyon

Ultium grows, Bolt ends best year ever as GM has 3.1% EV share

On this charming article, we delve into Ultium grows, Bolt ends greatest yr ever as GM has 3.1% EV share, a masterpiece crafted by Jameson Dow and revealed on 2024-01-03 20:19:45. Discover the world of Auto Excellence and uncover what units Autoxyon aside.

Chevy-Bolt-EUV — 2023 Chevy Bolt EUV (Supply: Chevrolet)

GM has launched its This fall gross sales numbers, displaying Ultium nonetheless ramping steadily, however total EV gross sales are down as its best-selling mannequin, the Bolt, winds down as Chevy takes it off the market in its greatest yr of gross sales ever – leaving GM with solely 3.1% EV share, nicely beneath the US common.

In This fall, GM bought a complete of 19,469 EVs in This fall, a small lower from final quarter’s whole of 20,092, and a big enhance from This fall 2022 which had 16,266 EV gross sales.

After fairly a little bit of problem getting Ultium off the bottom, GM’s new battery platform is lastly seeing vital ramps in manufacturing. Each Lyriq and Hummer EV gross sales grew, and Blazer and Silverado EV lastly noticed deliveries of Automobiles to the general public, although nonetheless in small numbers.

GM<a href= — 2023 Hummer EV pickup and SUV variations (Supply: GM)

Hummer EV had a formidable quarter, notably contemplating how ridiculously extreme it’s, with 2,028 in This fall ’23, nearly doubling final quarter’s gross sales of 1,167 models, and up from simply 72 in This fall of final yr.

The Lyriq noticed related progress, as GM bought 3,820 Lyriqs, up from 3,108 in Q3 and from 86 (sure, 86) in This fall of 2022.

So whereas we’re not but seeing giant quantity deliveries of Ultium-based EVs, we’re a minimum of seeing vital ramping of deliveries every quarter now. Hopefully this implies the kinks are getting ironed out at GM, and the floodgates can actually open because the extra mass-market fashions come into play.

A kind of probably extra mass market fashions (a minimum of, when the bottom mannequin turns into accessible – as of now, it’s laborious to justify the $56k base value when in comparison with the Lyriq) is the Blazer EV, which had its first buyer deliveries in This fall. 463 Blazers had been delivered to clients, marking the beginning of the mannequin’s availability. However this quantity would have been affected by a short lived cease sale on the mannequin associated to software program points, which resulted in a recall at the moment.

The Silverado EV additionally began deliveries to clients, however solely the work truck model is accessible thus far. It bought in related numbers, with 443 models delivered in its first quarter of availability.

However the actual mass market mannequin, the Equinox EV, isn’t out but. So we’ll should see how the ramp goes on that, when it reveals up later this yr.

Nevertheless, total EV gross sales had been down for GM, primarily as a consequence of one mannequin: the Chevy Bolt. The Bolt had a down quarter, going from 15,835 models bought in Q3 to 12,551 in This fall (additionally down from 16,108 in This fall ’22). However this wasn’t as a result of folks aren’t concerned about it – it was as a result of GM ended Bolt manufacturing in December.

That is a part of a deliberate phaseout of the Bolt so GM can give attention to Ultium, together with an upcoming Ultium-powered Bolt, nevertheless it additionally signifies that Chevy ended manufacturing on the Bolt throughout its very best yr but.

Beforehand, the Bolt’s greatest yr bought 38,122 models in 2022. However in 2023, the final yr of its existence, Chevy bought 62,045 Bolts – a 63% enchancment. And now it’s carried out, so we gained’t get to see how far up that line might have gone.

However when you’re nonetheless concerned about a Bolt – and you ought to be, as a result of it’s a superb automobile – you possibly can nonetheless get one from Chevy within the subsequent weeks and months. And it’s a greater deal than ever now that the US EV tax credit score is now simpler to get for low-income patrons and accessible upfront as nicely, making it doable to get a Bolt for below $20k off the lot. In case you’d like, you should use our hyperlinks to contact your native sellers concerning the 2023 Chevy Bolt EV or 2023 Chevy Bolt EUV, and see if they’ve any in inventory earlier than it goes away for good.

Lastly, GM delivered 164 BrightDrop vans, up from 35 final quarter.

Electrek’s Take

19,469 EVs represents 3.1% of GM’s 625,176 total gross sales in This fall, which is nicely beneath the US common of about 8% EV market share (based mostly on Q3 numbers). GM has claimed for years that it’s “all-in” on EVs, however it’s presently nicely behind the pack in US EV gross sales.

If GM really was “all-in” on EVs, then it ought to be bringing the typical up, not pulling the typical down. Even when you ignore the all-EV startups (a more recent one among which, Rivian, is nearly matching you in gross sales), massive automakers like Hyundai, VW and Volvo are all bringing the typical up, together with a number of luxurious manufacturers (together with one GM model, Cadillac). Why can’t the remainder of your manufacturers do the identical, GM?

GM workers advised us on the Blazer EV drive occasion that they’re actually feeling the interior stress to get extra EVs out shortly, however these numbers, it looks as if there should not be practically sufficient stress. So we’re right here to supply a little bit extra.

GM is without doubt one of the largest automakers on the earth, and largest in America, and subsequently is extra chargeable for the air pollution choking all of our lungs than nearly anybody else.

GM’s present complacency on EVs isn’t solely not adequate, however it’s actively unhealthy, as a result of a overwhelming majority of the corporate’s gross sales are of polluting Automobiles. Each fuel automobile GM sells this yr will proceed to pollute the air for a decade or extra, exacerbating local weather change and inflicting political and social instability.

If GM was main the cost for EVs, if it was above the typical as a substitute of beneath it, if it was making extra high-volume EVs after years of guarantees and getting them into clients arms in quantity, then our phrases wouldn’t be as harsh. We’re certain that many GM workers are attempting – however the numbers present that it’s clear the corporate as a complete isn’t making an attempt laborious sufficient. 3% is pathetic. A minimum of be common, GM.

FTC: We use revenue incomes auto affiliate hyperlinks. Extra.

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