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GM EV Sales Exploded In Q1 2025. But There's A Big Cliff Ahead
- General Motors' electric vehicle (EV) sales have seen a massive 94% increase in Q1 2025, positioning the company as the second-largest EV company in America.
- However, challenges lie ahead as two of GM's volume-selling EV models, the Equinox EV and Blazer EV, are manufactured in Mexico, making them vulnerable to 25% tariffs.
- The Equinox EV, starting at $35,000, could face an $8,750 tariff, while the Blazer EV may face even higher duties.
- Despite being the top-selling models, the Equinox, Blazer, and Optiq (also made in Mexico) tallied 18,232 sales, outperforming other U.S.-built models.
- GM's EV lineup includes various models like the Cadillac Lyriq, Chevy Bolt EV, and GMC Hummer EV, with plans for new models to be produced in the U.S.
- Even if produced in America, some GM EV models may be impacted by tariffs due to a significant portion of their parts sourced internationally.
- GM's EV profitability could be challenged by upcoming tariffs, potentially leading to price increases across its EV lineup.
- The company's success with EV sales growth may face hurdles amidst uncertain tariff implications and evolving market dynamics.
- Uncertainties surrounding tax credits, fuel economy standards, and competitive pricing add complexity to GM's EV strategy amidst tariff concerns.
- As GM navigates through potential price hikes and market challenges, the future of its EV sales growth remains uncertain.
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