BrightDrop Sales Grow 869%! - CleanTechnica

GM’s BrightDrop electric commercial vehicle division experienced an extraordinary surge in sales in the third quarter of 2024, with deliveries increasing by 869.11% year over year. The company sold 2,384 electric vans (models 400 and 600) in Q3, compared to just 246 units in the same quarter the previous year. Sales showed strong growth throughout the year, rising from 274 units in Q1 to 1,318 in Q2, and then peaking in Q3. This growth significantly surpassed the previous quarterly sales record of 537 units set in Q4 2023. However, the article notes some uncertainty regarding the nature of these sales, suggesting that some may have been driven by a loophole related to the $7,500 EV tax credit. It is possible that GM sold vehicles to itself to qualify for the credit and then passed the subsidy on to customers through discounted leases, a common practice in commercial fleet management. With the EV tax credit