General Motors (GM) has announced its Q1 sales results. The company sold over 20,000 EVs in Q1, which is the first time they've reached this milestone in a quarter. The automaker says it's on track to build another 50,000 EVs in North America through June, with plans to double that number in the second half of 2023.
According to the release, Q1 was the third consecutive record quarter for the Chevy Bolt EV and EUV, selling 19,700 units alone, up from 358 in Q1 2022 while the Bolt was recalled. Bolt production resumed in April 2022, and since then, it has become a top-selling EV model.
Chevy Bolt EV and EUV production is expected to reach 70,000 units in 2023 to meet the growing demand for affordable EV options.
GM has two other fully electric models in the premium segment, the Cadillac Lyriq and GMC Hummer EV. Lyriq sales reached 968, while two Hummer EV pickups were sold in the first quarter. GM expects the growth to continue this year, with Cadillac Lyriq deliveries rapidly accelerating and the Hummer EV pickup and SUV models being built and shipped from GM's Factory ZERO.
In the first quarter, GM also built over 500 BrightDrop Zevo 600s at its assembly plant in Ontario, Canada, as it works to develop its position in the commercial EV segment.
Finally, the new Chevrolet Silverado EV WT edition will begin deliveries in late spring, with over 340 fleet customer orders already. This demonstrates that GM is not only focused on meeting the demand for affordable EVs but is also expanding its offerings in the commercial sector.
After struggling in 2021 and early 2022 due to the Chevy Bolt recall, it's good to see GM getting back on track with its third consecutive record quarter in EV sales. However, it's important to note that 20,000 EVs in sales is a fraction of GM's over 600,000 total sales, representing just over 3%. This means that GM still has a long way to go in transitioning to sustainable transportation, but its recent success is a positive sign for the future.
Source: Electrek