Detroit – Tesla and General Motors This year, consumers have been leading the US automotive industry in domestic sales of all-electric vehicles as they rushed to buy EVs before a federal incentive for each purchase that ended in September.
New data provided to CNBC by Motor Intelligence shows sales of EVs except hybrids, setting new quarterly records of over 438,000 units sold in the first nine months of the year, reaching 10.5% market share for the period, reaching 10.5%.
According to Motor Intelligence, this record market share is up from 7.4% in the second quarter and 7.6% in the first three months of the year. Sales for all-electric models were estimated at 1.3 million in 2024, with a market share of around 8%.
Data shows that Tesla, which does not report US sales, does not report regional sales, is estimated to remain in leadership position with a market share of 43.1% until September. It has dropped from 49% last year to an end as competitors continue to release new EVs.
GM, which offers the most EV models in the US, is making huge profits this year. Motor Intelligence reported that Detroit’s automakers have moved from an 8.7% market share to 13.8% this year, starting from the third quarter.
Sales data comes two days after GM estimated that it was the leader in the growth of its EV market share to date in 2025, with the lowest incentives for major automakers. Until September, it sold 144,668 EVs, which was still only represented 6.8% of total US sales.
“No one is more powerful in terms of US market change than GM,” said North American GM president Duncan Aldred. “We have the best lineup of ice (internal combustion engines) and EV vehicles we’ve had so far. Our brand has consistently expanded its market share with strong pricing and low incentives and inventory.”
Motor intelligence data shows following Tesla, GM and Hyundai Ford Motor EV market share was 6.6% until the third quarter, followed by Volkswagen 5.4%; Honda Motor 4.6%; 3.6% BMW.
Tesla Cybertruck and GMC Sierra Denali EV first edition each other.
Michael Wayland | CNBC
Despite sales growth every quarter this year, EV startups Libian Automotive and Meid Group There will continue to be a relatively small market share of EVs. Lucid was under 1%, while Rivian was at 3% until September.
Major automakers reported results this week for the third quarter led by EV sales. Buying an electric vehicle in a hurry came before the federal incentives for vehicles that ended as a result of the Trump administration’s “one big beautiful bill law.”
Industry analysts and executives believe the end of the incentive will create a boom-and-bust cycle for EV sales in the US
Ford CEO Jim Farley said on Tuesday that he would not be “shocked” at 5% after the incentive program ends if EVS sales fell from about 10% to 12% from industry market share in September.
The end of US EV credits is as the country continues to chase other major automakers in adopting zero-emission vehicles. The International Energy Agency reports that China has continued to lead the adoption of EVs globally last year, selling 6.4 million all-electric vehicles without counting hybrids, with 2.2 million Europe following.
– CNBC’s Phil Lebeau contributed to this report.
