General Motors deals billion-dollar blow to the EV industry
The U.S. EV market has had a record-setting 2025. But new information from General Motors GM shows just how precarious the industry's perch is. U.S. electric vehicle sales by year + market share of new vehicle sales (according to Cox Automotive) 2025 (through September): over 1 million units, 10.5% market share 2024: 1.3 million, 8.1% market share 2023: 1.2 million, 7.8% market share 2022: 800k 5.8%, market share However, there are some concerns underneath all of that growth. Consumers purchased ...