GM: Seeing as all y'all like our electric cars, we'll double output next year
It's also a stark and surprising reversal from, when GM missed Wall Street estimates due to underproduction of vehicles, which it blamed on continuing supply chain issues.
The sea change this quarter was due not only to easing shortages among said supply chains, but also to the company's growing influence in the US electric vehicle market, Barra said. "We also earned more than 8 percent of the US electric vehicle market in the third quarter thanks to record sales of the Chevrolet Bolt EV and Bolt EUV," Barra said, adding that combined sales of the Bolt vehicles outperformed Ford's rival Mach-E by more than two to one in September.
A mere eight percent may not seem like much, but it's significant. According to Kelly Blue Book's quarterly EV sales report [PDF], Chevrolet was the second-largest EV seller for the quarter behind Tesla, which sold tens of thousands more EVs in Q3 than GM.