GM Moves Into Second Place In U.S. EV Market As It Leans On Diverse Lineup

General Motors said Tuesday it has secured the number two spot in U.S. EV sales behind Tesla, according to CNBC. GM executives said Tuesday the company is focused on improving EV profitability. CFO Paul Jacobson pointed to GM’s mix of gas and electric vehicles as a strategic advantage amid shifting demand. GM offers 12 EV models compared to Tesla’s five, though Tesla reports its sales in grouped categories rather than by individual model. The company sold 46,300 EVs in the second quarter, more than doubling from a year ago. Tesla reported 384,000 deliveries, a 14% year-over-year decrease. EV sales industry-wide fell 6.3% annually in the second quarter, but rose 4.9% from the first quarter. GM plans to ramp U.S. production with $4 billion in new investments across multiple plants.