Chevrolet has emerged as the fastest-growing electric vehicle (EV) brand in the U.S. as of 2025, surpassing established competitors like Tesla and Rivian.

This growth is reflected in General Motors' reported market share for electric vehicles, which doubled to approximately 12.5% in the fourth quarter of 2024, allowing GM to overtake Ford for second place in EV sales.

In March 2025, the retail share of electric vehicles surpassed the 10% mark, while Tesla's market share declined from 56% to 50% over the past year.

J.D. Power recognized Chevrolet as the fastest-growing brand in the EV segment, with 23% of consumers indicating they are likely to consider an electric vehicle for their next purchase.

The surge in Chevrolet's EV sales began in late 2024, driven by the introduction of models like the Equinox, Blazer, and Silverado, resulting in a 50% increase in sales during the last three months of the year.

The Chevy Equinox EV, which saw an 85% increase in sales in the fourth quarter of 2024, became the eighth best-selling EV in the U.S. despite being newly introduced.

The 2025 Chevy Equinox EV is marketed as America's most affordable EV, starting at $34,995 and offering over 315 miles of range, with the potential for a federal tax credit that could reduce the price to around $27,500.

Additionally, the 2025 Blazer EV, which recently became available for order, starts at $45,995 and has an estimated range of up to 312 miles, also qualifying for the federal tax credit.

Chevrolet is enhancing its appeal with leasing options for the Equinox EV starting at $299 per month and offering 0% APR financing, contributing to increased sales.

As Chevrolet and Rivian gain popularity, Tesla's market share has notably declined, highlighting a significant shift in the EV landscape.

In summary, Chevrolet's strategic moves and new model introductions have positioned it as a formidable player in the electric vehicle market, challenging Tesla's dominance.