Chevy Blazer EV Sales Fall 70% in Q4, Costing GM Dearly
GM•Chevrolet Blazer EV was GM’s worst-selling model in 2025 with 22,673 units sold, down 2.1% year-over-year and off 70% in Q4 2025. GM’s Q1 2026 gross profit margin tumbled from 12.49% to 6.10%, squeezing overall profitability due to high EV manufacturing costs.
1. Blazer EV Sales Performance
The Chevy Blazer EV recorded just 22,673 units sold in 2025, marking a 2.1% decline from 2024. Sales plunged over 70% in Q4 2025 following the expiration of the federal EV tax credit.
2. Profit Margin Decline
GM’s overall revenue fell 0.9% year-over-year through Q1 2026, while gross profit margin contracted sharply from 12.49% at the start of 2025 to 6.10% by Q1 2026, reflecting mounting pressures on profitability.
3. Cost Pressures and Price Increase
EV manufacturing costs can run up to 45% higher than combustion models, prompting GM to raise starting prices of all Blazer EV trims by $400 in early 2026 to offset tariffs and rising production expenses.
4. Tax Credit Expiration and Depreciation
The $7,500 federal EV tax credit expired in September 2025, reducing purchase incentives, while EVs typically depreciate 50%–65% within five years, further dampening residual values and buyer interest.
