Based on the latest data released on February 28, General Motors' (GM) share of the U.S. electric vehicle market soared to 12% in the fourth quarter of 2024, marking a doubling from the corresponding period last year. This positions GM as the second-largest player in the market, trailing only Tesla with its 44.4% share. Analysts attribute GM's rapid growth in electric vehicle sales primarily to its expanding portfolio of competitive models, which span from entry-level to premium segments, offering customers a broader range of electric vehicle options compared to its competitors.