General Motors outsells Ford in EV sales

In the United States, General Motors has achieved significant success in electric vehicle (EV) sales, reporting that it sold 62,000 EVs from the beginning of the year through May 2025. This sales figure represents a remarkable milestone for the automotive industry, especially as it surpasses the total EV sales of Ford, which managed to sell 34,000 EVs in the same timeframe. Ford's lineup consists of the E-Transit, F-150 Lightning, and Mustang Mach-E, but supply chain issues, including temporary inventory shortages due to design changes, have hindered their performance despite an optimistic outlook for a rebound in sales. The latest data indicates a growing appetite for electric vehicles, as GM's EV sales for May marked their second-best month ever, doubling compared to the previous year. Consumers are increasingly recognizing the appeal of both electric and gas-powered vehicles, with GM’s Vice President Rory Harvey highlighting the record response from customers toward their diverse vehicle portfolio. However, the automotive industry faces challenges moving forward, including a decline in consumer interest in EVs. A recent AAA poll revealed that 63 percent of Americans are 'unlikely or very unlikely' to consider purchasing an EV for their next vehicle, marking a 10-point increase from the previous two years. This growing skepticism among consumers stems from various factors, including concerns about government incentives potentially being reduced, notably the federal $7,500 EV tax credit, which plays a crucial role in making electric cars more financially accessible. Additionally, geopolitical tensions are complicating supply chains, and automakers are preparing for shortages of essential components. As a response to these challenges, various companies are exploring resourcing EV production domestically in the US and developing new technologies to ensure industry sustainability. Toyota is among the automakers planning to introduce three new EV models in the US market, signaling a strategic move to adapt to the evolving landscape of the automotive sector. There is a prevailing belief among industry experts that a transition to fully electric vehicles remains inevitable, although establishing price parity with traditional gas-powered cars will be essential to attract a broader consumer base.