Chevrolet display has been seen on April 16, 2025 at the New York International Auto Show.
Daniel Davis | CNBC
Whereas Tesla The number 1 electric vehicle manufacturer remains in the US by a widespread difference, General Motors On Tuesday, it said that it has achieved the status of number 2 and believes that it has a “underlying profit” when it comes to EVS.
Executive Officer on GM Quarterly income call On Tuesday, it was said that the company focuses on reaching out to profit and improvement for its EVS. When asked that GM’s purpose is when Tesla is facing Same hard climbingGM CFO Paul Jacobson said the company’s advantage lies in the variety of its lineups in gas and electric vehicles, as EV demands ups and downs.
“There is a lot about Tesla’s simplicity and his scale,” Jacobson said. “And clearly, within a couple of narrow segments, they have so, and they have realized some good benefits. And hate them. It also leaves them on a demand set that has been highly unstable.”
GM currently has 12 EVS in its lineup, while Tesla has five models. The Tesla does not break the sales by the model, but combines them together in groups.
Jacobson’s comments faced with the automaker Change EV’s demandPresident’s elevated Donald TrumpNew tax-and-cost bill, which is determined End $ 7,500 tax credit $ 4,000 credits for new electric vehicles and for EVS after 30 September.
The second quarter of 2025 had new EV sales 6.3% below According to the auto industry’s forecover cox automotive, year after year, which marks only the third decline on the record.
According to Cox Automotive, the sales increased by 4.9% from the first quarter of 2025, which Cock’s senior analyst Stephanie Waldez said that the tax could represent a rush to buy EVS before the tax credit ends.
Waldez predicted that there will be a record new EV sales in the third quarter of 2025, followed by a collapse in the fourth quarter as the EV market adjusts to its “new reality” without EV tax credit.
GM CEO Mary Barra admitted that the EV growth had been slower than expected, but on Tuesday earnings said that “we believe the long -term future is a profitable electric vehicle production, and it remains our northern star.”
Amidst the demand for this ups and downs, July 17 Barclays Note said Tesla’s demand and basic things are weak, while its autonomous vehicles and robotaxi stories have been in front and center.
In the second quarter, Tesla reports around 384,000 Vehicle deliveryA 14% year-over decline and its second straight quarter decrease. The delivery is the closest estimate of the sale of the vehicle mentioned by Tesla, but the company’s shareholder is not properly defined in communication.
But Tesla is still a huge EV leader. The sale of GM’s electric vehicle was a total of 46,300 for the quarter, which was more than 21,900 a year ago. It is a relatively small part of the sales of the total vehicle of the Detroit Automekar in the second quarter of 974,000.
Cox Automotive said that in the first half of 2025 GM’s 78,000 EV 2024 amount of more than double the volume posted.
Jacobson said on Tuesday that GM EV is ready to change the demand as it has made flexibility in its manufacturing plants by investing in both EVS and internal combustion engines cars.
“This built -in flexibility for us to switch between EV and ICE and to ensure that we meet customers where they have a underlying benefits that we have because we can absorb some costs of that manufacturing facility with more snow production if EV’s demand decreases,” Jacobson said.
He highlighted GM’s new investments Spring Hill Plant in Tennessee And as an example of this diversification, Fairfax plant in Canasus. GM announced last month that he was investing $ 4 billion In many American plants and both gas and electric vehicles are ready to increase American production.
GM said on Tuesday that Chevrolet has ranked number 2 and Cadilac sits at number 5 in the brand rankings.
– CNBC Lora Copanny Contributed to this report.
