GM Hits Record 21,000 EV Sales In August, But Warns Demand Will Slow Next Quarter

GM reported its best month yet for EV sales, delivering over 21,000 electric vehicles in August across the Chevy, GMC, and Cadillac brands, according to Electrek. The surge was driven by buyers rushing to take advantage of the $7,500 federal tax credit, which expires at the end of September. GM expects strong EV demand this month but warns sales will decline next quarter as tax credits expire, with the market taking months to recover. With affordable EVs like the Chevy Equinox, starting under $35,000, and the upcoming Bolt EV priced around $30,000, GM believes it is better positioned than rivals.