The Chevy Equinox EV, or “America’s most affordable 315+ range EV,” as GM calls it, is red-hot. Thanks to the electric Equinox, Chevy is solidifying its position as the fastest-growing EV brand in the US. The Chevy Equinox EV helped GM’s electric vehicle sales more than double in Q2, but there’s more to the story.
The Chevy Equinox EV is charging up GM’s sales
GM surpassed Ford and Hyundai Motor last year to become the second-best EV seller in the US. This year, it’s closing the gap with Tesla.
Led by the Equinox EV, GM’s EV sales more than doubled in Q2, and Chevy solidified its position as the number two electric vehicle brand.
Chevy’s electric vehicle sales surged 134% in the first half. In Q2, Chevy sold 17,420 Equinox, 6,549 Blazer, and 3,056 Silverado EVs. Through June, GM has now sold 27,749 Equinox, 12,736 Blazer, and 5,439 electric Silverado models. The Chevy Equinox EV is expected to be one of the top three best-selling EVs in the US.
Although Chevy’s new EVs are a hit, they are not the only growth driver behind GM’s success. The American automaker sold a total of 46,280 electric vehicles in Q2, representing a 111% increase from the same period in 2024.
GM’s share of the EV market in Q2 was approximately 16%, with growth across the Chevy, Cadillac, and GMC brands.
Cadillac notched its 12th consecutive quarter of retail sales growth, achieving its highest market share since 2014.
With a full lineup of electric SUVs, including the entry-level (Optiq), midsize (Lyriq), and full-size (Vestiq and Escalade IQ), nearly one in four Cadillac models sold were EVs. GM sold 3,224 Cadillac Optiqs, its new entry-level EV, 5,017 Lyriqs, 1,744 Vistiqs, and 1,810 Escalade IQs in the second quarter.
After launching the new 2026 Sierra EV with an over $27,000 price cut from the 2025 model year, GMC sold over 1,500 electric Sierra models. Even the GMC Hummer EV is seeing more demand, with 4,508 units sold in Q2, up 54% from last year.
Starting at under $35,000 with up to 319 miles of range, it’s no wonder the Equinox EV is selling like hotcakes. With leases starting at just $289 per month, it’s a great deal right now. Who knew an affordable EV with over 300 miles of range would sell?
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