On January 8, 2026, Piper Sandler raised its recommendation on General Motors from Neutral to Overweight, reflecting growing conviction in GM’s competitive positioning within the electric vehicle sector. The upgrade cites GM’s expanding battery production capacity, planned launch of five new EV models by 2028, and a projected industry‐leading adjusted operating margin of 10.5% in fiscal 2026. This endorsement follows record third‐quarter EV deliveries across the U.S. market and reinforces investor optimism about GM’s ability to close the gap with established rivals such as Tesla and Ford.

General Motors reported that sales of the Chevrolet Equinox EV climbed by 100.7% year‐over‐year in calendar 2024, reaching 57,195 units sold. This dramatic increase outpaced overall U.S. EV growth of 7.3% for the same period. GM attributes the surge to expanded dealer incentives, a 20% improvement in battery range over its predecessor model and the introduction of over‐the‐air software updates that enhanced vehicle charging speeds by 15%. Investors view this performance as a tangible sign of GM’s execution in capturing mainstream consumer demand.

General Motors’ U.S. retail deliveries in the fourth quarter of 2025 fell by 7% compared with the prior year, driven primarily by a 43% drop in EV shipments after a surge in third‐quarter orders ahead of federal tax‐credit deadlines. Total EV deliveries in Q4 reached 38,400 units versus 67,100 in the year‐earlier period. Despite the sequential slowdown, GM maintained the largest EV market share in North America at 21%, thanks to strong performance of the Chevrolet Bolt and GMC Hummer EV lines.