GM is still the #2 EV seller in the US, but for how long?

GM beat first-quarter earnings expectations after winning a US Supreme Court decision to refund around $500 million from the Trump Administration’s tariffs.

GM tops Q1 2026 earnings as tariff pressure eases

With 25,900 electric vehicles sold in Q1, GM said it maintained its position as the #2 EV seller in the US behind Tesla.

While that’s up slightly from Q4 2025, it’s down about 20% from the roughly 30,000 EVs GM sold in the same period last year.

After reporting first-quarter earnings on Tuesday, the company said it took an additional $1.1 billion hit due to its recent “EV strategic alignment,” adding to the $7.6 billion in costs GM inherited in 2025.