General Motors achieved a new milestone in July, delivering over 19,000 electric vehicles in the U.S., a 115% year-over-year increase. The Chevrolet Equinox EV led the charge, accounting for more than 8,500 units sold, marking not only its best monthly performance to date, but also the highest monthly sales ever recorded for a non-Tesla electric vehicle in the U.S. market.
Here’s why it matters:
The surge in Equinox EV sales signals a meaningful shift in consumer adoption of electric vehicles, especially outside of Tesla’s dominance. The Equinox EV’s competitive price point, extended range, and mass-market appeal are driving conquest sales and attracting younger buyers. This presents franchised dealers, particularly those in high-volume EV markets, with a strong opportunity to capitalize on changing buyer behavior. As GM scales its EV portfolio, its growing retail traction reinforces the need for inventory preparedness, sales training, and EV-specific service strategies at the dealership level.
Key Takeaways:
- GM delivered over 19,000 EVs in July, led by the Equinox EV
The automaker’s EV sales surged 115% year-over-year, with the Equinox EV responsible for nearly half of those sales. - Equinox EV sets new U.S. benchmark for non-Tesla electric sales
With more than 8,500 units sold in July, the Equinox EV posted the highest monthly total ever for a non-Tesla EV in the U.S. - Affordability and range are drawing new, younger buyers
Equinox EV’s starting price and 319-mile estimated range are attracting conquest customers and younger demographics to the Chevrolet brand. - Dealers in EV-forward markets are seeing rapid sales growth
General Motors reported that Bomnin Automotive in South Florida had strong Equinox EV sales, driven by customer interest in design, performance, and accessibility. - Federal tax credit expiration is accelerating EV demand
Industry-wide EV sales are projected to account for 8.5% of total vehicle sales in July, driven in part by incentives set to phase out.
