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The U.S. electric vehicle market delivered its strongest performance in a year during Q2 of 2026. According Cox Automotive’s Kelley Blue Book estimates, 262,649 EVs were sold in Q3, up 6.1% from the second quarter and the highest quarterly total since the record-setting third quarter of 2025.* [EV sales in Q3 were down 39.5% from a year ago, but that decline was inevitable, as Q3 2025 was the best quarter ever for EV sales in the United States as consumers scurried to take advantage of expiring federal incentives under the Trump Mis-administration. Trump’s ongoing tariff, trade and failed shooting wars with the U.S. now in retreat and bailing out Putin’s failed economy and wars, have sent the price of fuel to absurdly high levels with no end on the consumer and economy killing inflation in sight. – AutoCrat.]
“What we’re seeing now is a market finding its footing again,” said Stephanie Valdez Streaty, director of Industry Insights at Cox Automotive. “The third quarter was the highest EV sales volume in a year, and improvement through 2026 suggests the reset phase is largely behind us. The next stage of growth will be driven by great products, competitive pricing, and automakers that continue to give consumers compelling reasons to make the switch. And high pump prices are likely helping as well. With gas prices well above $4 a gallon, electric vehicles look better than ever.” Continue reading →
GM Q3 2026 Net $3.3B. More Share Buybacks Coming
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General Motors (NYSE: GM) today reported Q3 2026 revenue of $50.0 billion, net income attributable to stockholders of $3.3 billion, and EBIT-adjusted of $4.1 billion. The company is updating its full-year 2026 EBIT-adjusted guidance, narrowing the range. The company expects net income attributable to stockholders to be $8.9 billion to $9.5 billion; Automotive operating cash flow to be $17.3 billion to $20.3 billion; and EPS-diluted to be $9.72 to $10.72 based on its updated guidance and the impact of adjustments recorded year to date.
“GM is performing well, and we are working hard to continue our momentum despite growing inflationary pressures through strategic investments in new products and services, and through improved quality and operating efficiency. Over the next several years, our portfolio will only get stronger as we complete the launches of the all-new 2027 Chevrolet Silverado and GMC Sierra light duty pickups and follow them with our next-generation heavy duty pickups, our next-generation full-size SUVs, all-new Cadillac sedans and crossovers, and more,” said Mary Barra chair and CEO of General Motors. Continue reading →