Recent data indicates that General Motors (GM, Financial) has seen significant growth in the U.S. electric vehicle (EV) market, with its market share surging to 12% in the fourth quarter. This marks a doubling of its market presence compared to the same period the previous year. Despite this impressive growth, Tesla remains the leader with a 44.4% share of the market.
Analysts attribute this rise to General Motors' expanding lineup of EV models. The company has strategically diversified its offerings, ranging from entry-level options to high-end models. This wide array has provided customers with more choices than many competitors, contributing to its gaining a larger market footprint.
