Ford experiences decrease in sales ranking as century-old rival taunts slumping performance
Roaring Past the Competition: General Motors Takes a Lead in EV Sales
America's iconic automaker, General Motors (GM), has left its competitors in the dust, pumping out a staggering 62,000 electric vehicles (EVs) by May of this year. Chevrolet, GM's signature brand, has been the driving force behind this impressive feat, selling an astounding 37,000 units of its two crossover SUVs, the Equinox and the Blazer. Even more jaw-dropping? Chevy's sales alone were enough to outperform Ford Corporation's entire EV lineup over the same period [1][2][4].
Ford, meanwhile, struggled to keep up, reporting an eight percent dip in EV sales for May compared to the previous year. This slump can be largely attributed to Ford redesigning the Mustang Mach-E and F-150 Lightning, which led to temporary inventory shortages [3]. However, Ford is optimistic about a strong comeback in June, with stock expected to hit dealer lots soon [3].
As the battery-powered industry undergoes major shifts, legacy carmakers like GM and Ford are duking it out for market dominance. While Tesla still reigns supreme, rivals like Chevy, Hyundai, Kia, and Toyota are gaining ground by launching competitively priced electric vehicles [4][5].
'Customers are responding in record numbers to our world-class portfolio of electric and gas-powered vehicles,' says Rory Harvey, Vice President and President of Global Markets for GM [4]. He proudly claims that May was their second-best EV sales month ever [4].
Yet, the wind isn't always in their favor. Consumer interest in EVs is on the decline, government incentives are uncertain, and supply chains are feeling the pinch of geopolitical tension [6]. In a survey by AAA, 63% of Americans said they're 'unlikely or very unlikely' to consider an EV for their next vehicle, marking a 10-point increase in just two years [6].
GM's CEO Mary Barra is throwing billions of dollars into new battery technologies, including lithium-iron-phosphate [7]. The shift towards homegrown tech could potentially cut costs, reduce reliance on rare earths, and enable domestic production [7].
Meanwhile, automakers are bracing themselves for supply shortages due to China tightening exports of rare-earth magnets, a vital component in EV motors [6]. While gas cars require around half a pound of the material, EVs need nearly a pound per vehicle [6].
Despite the rough terrain, automakers remain hopeful about America's transition to fully electric vehicles. Jeremy Snyder, chief commercial officer of the Slate electric truck company, believes US EV manufacturing is the key to victories in the industry [6].
Sources:
- GM Electric Vehicle Sales Smash Records by Selling 37,000 Chevys in May 2025
- GM surpasses Ford in electric vehicle sales
- Ford E-Transit sees massive drop in sales in May
- Chevy's EV sales surged 270% in May
- GM pledges to launch 30 new EVs by 2025, targeting zero emissions by 2035
- AAA survey finds Americans growing more skeptical of electric vehicles
- GM CEO Mary Barra invests billions of dollars in new battery technologies
- The battery-powered industry is undergoing significant changes, with science and technology playing crucial roles in the development of new battery technologies, such as lithium-iron-phosphate, as seen in General Motors' (GM) investments.
- The news of GM's impressive electric vehicle (EV) sales has sent ripples through the industry, particularly in terms of finance, with the company planning to launch 30 new EVs by 2025 and targeting zero emissions by 2035.
- Meanwhile, the transportations sector, specifically the automotive industry, is facing challenges due to supply shortages and geopolitical tensions, as China tightens exports of rare-earth magnets, a critical component in EV motors.
- As general-news outlets report on the fierce competition between automakers in the EV market, automakers like GM and Ford are looking for ways to gain an edge, with GM aiming to cut costs and reduce reliance on rare earths by investing in homegrown technology.
