GM delivered more than 7,000 plug-in vehicles in the second quarter of 2022
During the second quarter of this year, General Motors delivered 582,401 vehicles in the United States, down 15.4% from a year ago. On the positive side, volume and market share increased sequentially for the third consecutive quarter.
The number includes 387,582 Chevrolet vehicles (down 10.5% year over year) and 132,055 GMCs (down 13.7%).
The two brands sold a total of 7,217 plug-in electric vehicles in the United States (more than 7,300 including BrightDrop Zevo 600), down 36% from a year ago and representing about 1.2% of the total volume of GM.
Although GM’s electric vehicle sales remain lower than they should be, they are rebounding and growing, so we expect only better results each quarter.
The long-term plan is to grow electric vehicle sales in North America to over one million by the end of 2025.
left to right: 2022 Chevrolet Bolt EV and 2022 Chevrolet Bolt EUV
2022 GMC Hummer EV Edition 1 pickup in production, ready for customer deliveries
As for detailed results, the Chevrolet Bolt EV/Bolt EUV (affected by a massive battery recall) rebounds after production resumed in April. The new version for the 2023 model year is also cheaper, which should increase interest. The GMC Hummer EV pickup continues to gain momentum.
- Chevrolet Bolt EV/Bolt EUV: 6,945 (down 38% year-over-year from 11,263)
- GMC Hummer EV pickup: 272 (new)
- Total: 7,217 (down 36%) and GM’s 1.2% volume share
*excluding an undisclosed number of BrightDrop electric vehicles
General Motors says Cadillac Lyriq production is ramping up (it started in March), “with the first deliveries in progress”. The ramp-up will continue in the second half of 2022.
Another positive sign is that Ultium Cells (a joint venture with LG Energy Solution) “begins producing cells in Ohio to support expanded electric vehicle manufacturing beginning in August”.
This means that GM should soon have a significant flow of Ultium batteries to support the rollout of new Ultium-based electric vehicles, including GMC Hummer EV Pickup, Cadillac Lyriq and BrightDrop Zevo 600.