GM’s EV Sales: 2010 to 2020

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With the killing of the Chevrolet Volt, GM’s US EV sales have actually declined 3 straight years. And surprisingly, in only 3 years has GM had lower EV sales in the US than in 2020 (2010, 2011, 2015).

My 2025 GM US EV forecast (see latest article)  is almost the same (241,000) as the cumulative volume (246,711) GM sold over the 11 year period 2010-2020. And while the forecasted 2025 volume would be 10X the 2020 US EV sales, the base is quite low and the 2025 volume would only account for less than 10% of GM’s US vehicle sales.

While the Chevrolet Bolt is GM’s sole EV model in the US, for many years the Volt PHEV was the top or one of the top selling EVs in the US. And in 2017, the combined sales of the Volt and Bolt reached nearly 44,000.

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Mean-Median-Top-Bottom-quartile-PHEV-range-battery-size-chart

Average Range and Battery Size of PHEVs Currently Available in the US

With 32 PHEVs currently available in the US (as of September 21, 2021), they come in a wide variety of types, price, EPA range, and battery size. In the chart below we’ve analyzed the 32 PHEVs across 6 metrics. The mean (commonly referred to as the average) range is 24.7 miles and mean battery size is 13.5 kWh. When looking at the median, however, range drops to 21 miles and battery size down to 12.5 kWh.

BEV-vs-PHEV-Sales-2011-April-2021-USA-Calif-chart

PHEVs Account for Nearly 37% of EVs Sold to Date in the US

Through April 2021 PHEVs accounted for 36.7% of EVs (BEV and PHEV) sold in the US since January 2011. And in California, the most EV-centric state in the US, PHEVs comprise a slightly higher percentage of EV registrations to date at 38.3%.

PHEVs with 16 kWh or larger battery qualify for $7,500 tax credit

Six PHEVs Currently Qualify for the Maximum $7,500 Federal EV Tax Credit

There are six PHEVs that currently qualify for the $7,500 maximum tax credit, and their electric range is from a low of 21 miles for the Jeep Wrangler 4xe to a high of 65 miles for the Polestar 1. They also range in MSRP from about $38,000 for the Toyota RAV4 Prime to $165,000 for the Polestar 1. 

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