10/12/2025

GM, Tesla Lead Record U.S. EV Sales This Year

This is happening despite the conclusion of federal incentives

General Motors (GM) and Tesla are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September.

New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs, excluding hybrids, topped 1 million units through the first nine months of the year and set a new quarterly record of more than 438,000 units sold during the third quarter — achieving market share of 10.5 percent for the period.

That record market share is up from 7.4 percent during the second quarter and 7.6 percent during the first three months of the year, according to Motor Intelligence. Sales of all-electric models were estimated to be 1.3 million in 2024, with a roughly 8 percent market share.

Please select this link to read the complete article from CNBC.