Chevy Equinox EV sales plummeted 92% in Q3 2026 to just 1,905 units, ending its run as GM's top-selling electric vehicle as the company faces headwinds from a shrinking EV market and the Trump Administration's elimination of the $7,500 federal tax credit. Cadillac's electric SUVs now account for nearly half of GM's EV sales, while the company plans to produce 75% fewer Chevy Bolt EVs than originally planned before ending production in Q1 2027.
General Motors reported a 5.5% year-over-year sales decline in the third quarter with 670,974 vehicles sold, driven by falling EV demand as federal incentives ended and consumers shift toward hybrids amid high fuel prices. All GM brands declined, with Cadillac down 25%, while the automaker's limited hybrid offerings put it at a disadvantage against competitors like Toyota.