General Motors (GM) saw a notable surge in electric vehicle (EV) sales during the third quarter of 2024, reporting a 60% YOY increase

GM this week reported a 2% drop in third-quarter U.S. sales to 659,601 deliveries. Toyota Motor Corp. reported a 0.8% decline in third-quarter sales with 542,872 deliveries. Stellantis NV's sales fell by 20% to 305,294 vehicles.

Shares of Ford Motor Co. lost 1% in morning trading after the automaker said third-quarter U.S. vehicles sales were up 1% from a year ago, including a 12% increase in sales of electric vehicles. The results followed those by rival General Motors Co.

Ford said it remains the second best-selling EV brand in the US behind Tesla, but is it really? Ford was topped by GM in Q3 electric vehicle sales as the race intensifies into the end of the year. On Monday,

Ford on Wednesday reported a 0.7% increase in third-quarter U.S. new vehicle sales, including a 12.2% increase in EVs compared to a year earlier.