From Yahoo Finance: 2025-05-11 16:20:00

Electric vehicle (EV) stocks are on the rise, with General Motors Company (NYSE:GM) among the top contenders. The EV market is growing, with sales in the United States increasing by 11.4% year over year to 300,000 units in Q1 2025. Despite challenges like ongoing tariffs, the industry is expanding.

S&P Global Mobility estimates that around 46% of the U.S. auto market is affected by President Trump’s 25% tariffs on imported cars. However, a two-year relief plan allows automakers manufacturing in the U.S. to deduct import tariffs on parts and exempts vehicles with at least 85% U.S., Canadian, or Mexican components.

Global EV and plug-in hybrid sales are expected to increase by over 17% in 2025, reaching 20 million units. China leads the market, with projected sales of 11 million EVs by 2024. Latin America and Asia-Pacific will also dominate, while Europe anticipates a surge in sales despite potential emissions fines.

General Motors Company (NYSE:GM) has shown strong performance in Q1 2025, with Cadillac EVs boosting domestic sales and the company becoming the second-largest EV manufacturer in the U.S. The acquisition of Cruise Holdings will enhance GM’s autonomous driving technologies, positioning it for future growth in the EV market.

Despite GM’s success, AI stocks may offer higher returns in a shorter time frame. While GM ranks 10th in High Growth EV Stocks, AI stocks could be more promising. Consider exploring undervalued AI stocks for potential gains. Check out our report on the cheapest AI stock with significant upside potential.



Read more at Yahoo Finance: Is General Motors Company (GM) Among the High Growth EV Stocks to Invest In?