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Outside of Tesla, GM sold more EVs than any other company in the US in 2024. GM’s EV sales surged 125% in the fourth quarter as new electric models like the Chevy Equinox and Blazer EVs saw strong demand.

GM outpaced rivals with new EVs in 2024

GM sold 43,982 electric vehicles in the US in the final three months of 2024, up 125% from Q4 2023. December was GM’s second straight month with over 15,000 EV sales, making it the second automaker behind Tesla to accomplish this feat.

New electric models, including the Chevy Equinox EV, were major growth drivers. GM sold another 18,089 electric Equinox models in Q4 for 28,874 in total in 2024.

After deliveries began in just May, GM said the electric Equinox is already among the top five best-selling EVs in the US.

Other vehicles, such as the Cadillac Lyriq and Chevy’s Blazer and Silverado EVs, helped drive higher sales. With another 8,084 Lyriqs sold in Q4, GM sold over 28,400 in total last year. The Chevy Blazer and Silverado EVs are ramping up, with 7,883 and 2,176 units sold in the fourth quarter.

GM-EVs-2024-sales
Chevy Blazer EV (left), Chevy Equinox EV (middle), Chevy Silverado EV (right) (Source: GM)

Even the GMC Hummer EV is seeing more demand. GM sold another 5,091 Hummer EVs (SUV and pickup) in Q4 (+151% YOY) for a total of 13,993 in 2024 (+331%).

GM has several new EVs rolling out, including the Cadillac Escalade IQ and GMC Sierra EV. In Q4, 670 Escalade EVs and another 1,401 Sierra pickups were sold.

GM-EVs-2024-sales
GM US EV sales and market share by quarter in 2024 (Source: GM)

The company said the growth was enough to make GM the second-largest seller of EVs in the US, behind Tesla in the second half of 2024. GM sold 114,432 EVs in 2024, up 50% from 2023. GM’s share of the US EV market nearly doubled throughout 2024, reaching around 12% in the fourth quarter.

Ford reported earlier today that it sold a record 30,176 EVs in the fourth quarter, an increase of 16% from Q4 2023. With 97,865 electric vehicles sold in the US in 2024, Ford fell short of GM, which had over 114,400 EV sales.

GM-EVs-2024-sales
Chevy Blazer EV charging (Source: GM)

GM’s growth comes as EV leader Tesla missed expectations, with 495,570 vehicles delivered in the fourth quarter. Tesla delivered over 1.78 million EVs in total last year, slightly less than the roughly 1.8 million delivered in 2023.

Rory Harvey, GM executive VP and president of global markets, said the sales growth is because “We have something for everyone, no matter what they like to drive.”

And there’s more on the way in 2025. GM will begin delivering two new Cadillac luxury electric SUVs in the first quarter of 2025, the three-row Vistiq and the smaller Optiq.

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It’s an electric BMX bike! It’s a skateboard! It’s a DRYFT Board… something completely new [Video]

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It's an electric BMX bike! It's a skateboard! It's a DRYFT Board... something completely new [Video]

A new company called DRYFT1 is sliding its way into electric mobility on the wheels of a new hybrid product that mixes a BMX bike with a skateboard. The DRYFT Board is a hybrid board cross (HBX) that has combined the best elements of BMX and skateboarding into a one-of-a-kind all-electric product that gives riders the freedom to freestyle on roads in ways we haven’t seen before. You’ve gotta see this thing in action in the video below.

DRYFT1 is a new company with roots in Venice, California, a renowned area it credits for inspiring its dedication to motion and creativity. The company is just coming out of stealth mode and is fully funded, reiterating to Electrek that this is “not a Kickstarter.”

DRYFT1 describes its company ethos in one word: “freedom.” Recreational riders in Southern California have already taken to land and sea with surfboards, bikes, and skateboards, many of which have gone electric.

However, DRYFT1 has created a new one-of-a-kind product that allows riders to paint their local pavement in a new way. Today, the company introduced its flagship product, the DRYFT Board, an electric bike and skateboard hybrid that looks like it brings a new level of fun and expression to an already creative mobility segment.

The design of the DRYFT Board may raise some eyebrows at first glance, but once you see what an experienced rider can do on it, you’re probably going to want to take on for a spin yourself.

DRYFT1 launches a unique electric bike/skateboard combo

Per DRYFT1, its new “board” is all about the slide. The BMX bike/skateboard hybrid has been equipped with an electric motor that replicates the indescribable glide of a drift and has opened up access to that feeling to anyone, anywhere. DRYFT1 described the goal of its product:

Taking the coveted feeling that was once limited to those in these worlds of action sports, pushing their limits of speed and friction, and bringing that sought-after movement to the slide to anyone.

With the heart of an e-bike and the soul of a flat-track motorcycle, the DRYFT Board arrives in a category all its own (just don’t call it an e-scooter). Its skateboard deck is comprised of bamboo, fiberglass, and carbon fiber to deliver durability and resilience through slides and other sleek maneuvers on the road.

It is powered by a 500W front hub motor that can propel the board up to 20 mph, and the bike/skateboard hybrid’s battery can deliver 17 to 20 miles of all-electric range. Those are important stats for commuting, especially in a straight line, but that’s not what the DRYFT Board was designed for.

The electric skateboard/bike hybrid features a custom-engineered independent suspension truck system made from aluminum alloy, complete with 51mm springs to enable controlled sliding, carving, and drifting. Those maneuvers stem from the board’s center caster wheel, which is supported by proprietary polyurethane edge wheels for grip and drift performance.

Riders can choose between two ride modes: “Slide Mode” for smooth sliding on the pavement, and “Carve Mode,” which locks the center wheel for smooth cruising. While sliding, carving, or just cruising, riders can control the speed and acceleration of the electric skateboard/bike combo with a right thumb throttle on the handlebars.

Other features include a front hydraulic disc brake and high-quality grip tape on the rear deck. DRYFT1 also designed the board to disassemble into two components for easier transport and storage. The DRYFT Board electric bike and skateboard hybrid debuts in two colors – “Dryft Blue” and “Asphalt Black.”

The Dryft Board is available for purchase at Dryftboard.com beginning today and is priced at $3,500.

As previously mentioned, it’s impossible to truly grasp the capabilities of this unique new form of electric mobility without seeing it in action, so we recommend checking out DRYFT1’s launch video below.

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Here are the 5 things we’re watching in the stock market in the week ahead

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Here are the 5 things we're watching in the stock market in the week ahead

“Now Hiring” signage outside a Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024. 

David Paul Morris | Bloomberg | Getty Images

The bulls returned to Wall Street on Friday after a brief hiatus.

In the week ahead, investors from all camps will focus on a series of labor market reports for clues on where the U.S. economy and stock market may go from here.

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‘Not safe or legal’ – Cops continue crackdown on Sur Ron style electric bikes

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'Not safe or legal' - Cops continue crackdown on Sur Ron style electric bikes

As powerful electric motorbikes such as those from brands like Sur Ron and Talaria become more popular, especially with teens, police departments in the US are increasingly cracking down on their use on public roads.

One of the latest examples comes to us from the Manhattan Beach Police Department in Los Angeles County.

The MBPD has seen an uptick in juveniles riding Sur Ron-style electric motorbikes, which fall far outside the regulatory limits of electric bicycles. These higher-performance vehicles can reach speeds twice as fast as legal electric bicycles and often feature 5x the power level. Critically, they also lack pedals and thus function more like light electric dirt bikes.

According to a recent post shared by the MBPD, the police department has continued to come across these vehicles being ridden by juveniles around the city. “Parents, please make sure those Christmas presents are being used legally and responsibly,” the MHBP stated, “so we don’t have to play the role of the Grinch.”

Further clarifying, the police department explained that such motorbikes aren’t legal for use on public roads or bike paths. “Talaria, Surron, ERidePro, and other similar-type electric motorcycles are not safe or legal for operation on city streets, sidewalks, or The Strand. A few juveniles have learned the hard way and found their ‘bikes’ on the back of a tow truck.”

The MHBP also shared an image below of multiple electric motorbikes being towed away. Ironically, one of the police vehicles at the scene is a police-issue electric-assist patrol bicycle.

More teens turning to high-power electric motorbikes

These powerful e-motorbikes are often marketed as electric bicycles, despite falling well outside the line of electric bicycle regulations. But because they’re readily available online, easy to ride, and are often improperly marketed as not requiring a license or registration for street use, they’ve proven popular with teens and young riders.

California recently passed new legislation more clearly delineating electric bicycle classifications, further underscoring the illegal nature of riding these types of vehicles on the road without proper motor vehicle registration.

However, many riders, particularly teens, are unaware that these bikes do not meet the legal requirements for bike paths or unlicensed street use, leading to traffic stops, fines, and sometimes even confiscations.

Law enforcement officials, as well as community watchdogs, often cite concerns about pedestrian safety, traffic violations, and the risk of accidents.

We’ve seen these crackdowns increase over the years as more police departments are forced to tackle the growing phenomenon of powerful electric motorbikes being ridden on public streets and bike paths as if they were normal electric bicycles.

The crackdown underscores the need for better education regarding these high-powered electric motorbikes, as they continue to rise in popularity among younger users.

via: MBNews

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