Chevrolet has surpassed Ford to become the No. 2 EV seller in the U.S., with Cadillac EVs attracting new customers away from Tesla. General Motors’ Chevrolet brand has gained trust with consumers as Tesla’s dominance in the EV market is being challenged. GM’s luxury brand Cadillac is leading the EV market this year, with a focus on a wide range of luxury electric SUVs.

GM’s Chevrolet brand has seen impressive growth in EV sales, with May being the second-best month ever. The company’s market share has doubled to 15.5% in the U.S., with a 134% increase in EV sales in the first half of 2025. GM is driving growth in the EV industry and distancing itself from traditional competitors.

Cadillac is boosting GM’s EV ambitions, with the luxury brand seeing its best first-half sales since 2008 and attracting new consumers. Nearly 80% of Cadillac EV buyers are new to the brand, with some coming from Tesla. Cadillac has launched seven EVs in 2025 and aims to offer a full lineup to appeal to consumers.

GM’s success in the EV market comes as Tesla faces challenges in maintaining its dominance. While GM still has a way to go to catch up to Tesla, the possibility is becoming more realistic. Investing in GM offers potential for growth, especially with its focus on expanding its EV lineup and capturing market share. Consider the 10 best stocks recommended by the Motley Fool Stock Advisor team for potential returns.

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