The electric Chevy Equinox is America’s best-selling EV outside of Tesla. Cadillac is now leading the luxury segment, but GM said its aggressive EV expansion is over as it shifts back to ICE vehicles.

Chevy, Cadillac drive GM EV sales growth in Q3

GM’s electric vehicle sales are growing faster than those of any major OEM in the US. In the third quarter, Chevy, Cadillac, and GMC sold nearly 67,000 EVs, more than doubling from Q3 2024.

Combined, GM accounted for 16.5% of all EV sales in the US in Q3. Although it’s outpacing the industry, GM is pulling back EV plans and will continue to offer several internal combustion engine (ICE) vehicles for a bit longer than expected.

After achieving its highest third-quarter market share since 2017, GM’s CEO Mary Barra said, “With the evolving regulatory framework and the end of federal consumer incentives, it is now clear that near-term EV adoption will be lower than planned.

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Due to the changes, GM is “reassessing” EV capacity and manufacturing in the US. Barra said the company “aggressively expanded our electric vehicle capacity” over the past few years to meet the regulatory requirements.

With the recent policy changes, including the $7,500 federal tax credit expiring at the end of September, GM is shifting back to ICE vehicles.

“It’s clear that ICE volumes will remain higher for longer,” Barra explained, adding that GM will continue to produce gas-powered vehicles for the foreseeable future.

GM is onshoring production of the Chevy Blazer. It’s also developing a next-gen Cadillac CT5 and plans to extend the Cadillac XT5. In early 2027, GM will begin building the Cadillac Escalade and a new full-size, light-duty pickup at its Orion Assembly plant.

Although Barra still claims that “electric vehicles remain our North Star,” GM announced last week that its shifting EV plans would cost about $1.6 billion.

GM beat top and bottom lines in the third quarter, posting $45.59 billion in revenue with an adjusted EPS of $2.80. Share prices are trading up over 13% after GM raised its full-year guidance. The company now expects an adjusted EBIT of $12 to $13 billion, up from the previous $10 to $12.5 billion it previously forecasted.

It is also expected to take less of a tariff hit than expected. GM updated its full-year gross tariff impact to $3.5 to $4.5 billion, down from $4 to $5 billion.

Meanwhile, GM’s net income plunged 57% to $1.3 billion in Q3, down from about $3.1 billion in the same period last year.

GM’s CFO Paul Jacobson said during an interview on CNBC’s Squawk Box Tuesday morning that about 40% of the company’s EVs were profitable on a production basis. He explained that GM expects EVs to take longer than anticipated to reach profitability.

“We continue to believe that there is a strong future for electric vehicles, and we’ve got a great portfolio to be competitive, but we do have some structural changes that we need to do to make sure that we lower the cost of producing those vehicles,” Jacobson said.

Looking ahead, GM is focused on restoring profit margins in North America (8 to 10% adjusted EBIT margins), while also “driving EV profitability, maintaining production and pricing discipline, managing fixed costs, and further reducing tariff exposure.”

GM said it will continue to invest in new battery chemistries, form factors, and architectural improvements to boost EV profits in the future.

The shift comes despite Chevy, Cadillac, and GMC’s strong growth, largely thanks to EVs. Chevy is the fastest-growing electric vehicle brand, with the low-cost Equinox EV proving to be a hit. Cadillac is the best-selling luxury EV brand in the US this year (excluding Tesla) with three of the top ten models, including the Lyriq, Optiq, and Vistiq.

Looking to try GM’s electric vehicles for yourself? From the Chevy Equinox EV to the Cadillac Escalade IQ, you can use our links below to find available models near you.

BOO! It’s Halloween 2025 and Rivian is helping its owners get in the spirit.

Did I scare you?

We are now ten days away from Halloween 2025 and Rivian is rolling out a fun little software update that converts your R1S or R1T into a unique theme it calls “vehicle costumes.”

While most of the year is dedicated to more robust updates that fix bugs and introduce new features (which we also cover), Halloween offers the Rivian team an opportunity to be creative, enabling its EV owners to get a little spooky and festive with a unique theme.

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Last year’s “costume” was themed after both Knight Rider and Back to the Future options, transforming the dash displays while delivering unique light and sound displays on the exterior.

As I reported last week, Rivian began teasing its 2025 Halloween theme on social media with a brief video, saying something was “bubbling.” I surmised by the moss on the vehicles front end and its proximity to water, that this year’s vehicle costume would have something to do with the swamp.

That was correct.

In fact, I was fortunate enough to get access to Rivian’s 2025 Halloween theme a little early and I filmed all the sights and sounds for you in a video below. Behold, Spooky Swamp!

Rivian’s Halloween 2025 theme emerges from the swamp

Per Rivian, this year’s vehicle costume for Halloween 2025 was inspired by “Bayou Country” — the newest chapter in the American automaker’s “Real Adventures” campaign.

As you’ll see in the video, Rivian’s 2025 Halloween update delivers a number of selectable options, altering the colors and sounds both inside and out of the vehicle. Everything is activated from the Rivian app while your R1S or R1T is in park.

Here are the four exterior displays to choose from:

• Swamp Gas
• Player Piano
• Bayou Blast
• Scary Spirit

Furthermore, you can choose to activate these exterior displays manually, or via motion sensor in front of the vehicle.

Another creepy option this year is “spooky overhead lights” which, occasionally flashes your EV’s interior lights like you’re in a horror film. Very creepy.

Inside the Rivian cabin, you’ll find even more immersive Halloween ambiance for 2025, including four unique background tracks, providing a soundtrack to pumpkin-filled bayou animations across both display screens. Here are the four tracks, which I play for you in my video below.

• Bayou Blues
• Swampy Ambiance
• Cajun Crawl
• Ghostly Gloom

Last but not least, you can activate a slew of creepy sound effects while creepin’ out in the cabin. All with a simple tap. Here are those effects (these are not official names, just what I call them):

• Alligator growl
• Snake
• Skeleton Laugh
• Creaky Haunted House
• Frog
• Thunderstorm

Last but not least, as promised, is my video, shot for you to experience Rivian’s 2025 Halloween theme, regardless of whether you own or lease one. Note that I did deploy my own fog machine (yes I have a fog machine lying around the house, why don’t you?) So not all of the visual effects you see come with the Rivian update.

Happy Halloween!

Following on the heel’s of last month’s major leak of the design of Rivian’s secretive ALSO e-bike, now we’ve just gotten a much better look at the upcoming entry to the US micromobility market. And it’s a doozy.

Our previously best look came in the form of blurrier images that were mistakenly left in a marketing video prepared by the company’s social media team.

But thanks to an eagle-eyed reader who spotted the yet-to-be-released e-bike on the Caltrain yesterday morning (hat tip to Adem Rudin), now we’ve got a great view from the expensive seats, barely two days ahead of the anticipated official reveal.

The bike looks to be a test mule based on the extra engineering hardware and the missing shroud covering the wiring run on the front of the battery case. There appear to be several sensors mounted to the bike, including an expensive triaxial accelerometer on the side of the battery and some piece of diagnostic hardware strapped to the downtube.

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But otherwise, it looks like the real deal and matches the several different angles we saw in blurrier form in my previous leak.

Now we have a great view of the front fork, which is confirmed to be an inverted fork. Fascinatingly, it has structural bosses for mounting a front rack, and we can see the orange cargo box employed on that rack for gear hauling duty. That’s likely a custom-designed fork, as I’m not aware of any other cargo forks of this style currently on the market. It’s also a bit of a strange choice. It certainly adds to the utility of the bike, but most e-bike manufacturers have moved to headtube-mounted racks for better stability. A fork-mounted rack swings with the handlebars, meaning heavier loads will change the dynamics of the ride, reduce the front-end handling, and can even lead to dangerous oscillations under the right (or wrong) conditions.

Moving further down, we can clearly see a tone ring built into the front disc brake rotor, which is a giveaway that the bike will feature anti-lock braking (ABS), or at least front wheel ABS. Front-wheel ABS would be a major safety upgrade and is rarely found on bicycles. Between the inverted front fork and the ABS tone ring, the front end of the bike looks more like light motorcycle gear.

The front and rear racks point towards fairly obvious utility intentions for the bike, though the full-suspension and Kenda El Capo tires seem like they belong more on the dirt trails than the bike lanes. It’s a strange mix, but perhaps the tires were just temporary replacements on the test mule. Full-suspension, while more common on off-road bikes, can still be a major upgrade for an urban commuter. We’ve seen it on premium models from companies like Riese & Müller, though also with incredibly premium price tags.

We’re also getting our best look yet at the battery, which seems to be a removable unit that slides in from the side of the bike. It takes up a big portion of the central frame area, whose panels also likely cover a mid-drive motor and the bike’s speed controller, among other critical electronics. We can also see now that the belt drive is a Gates center-drive system, one of the most premium belt drives out there for bicycles (not to mention that Gates is the belt drive maker of choice for high-power electric motorcycles like those from LiveWire and Zero).

The rear suspension is still shrouded and we don’t get a great look at it. However, we can see some linkage and it may be a four-bar setup – again pointing to the sophisticated engineering that went into designing this frame.

The handlebars appear to support button clusters on each side, though we can’t see what functions they might offer. It’s not clear if there are any shifters or if the bike is a single-speed, and we also don’t see a throttle, though it could be a thumb throttle that is obscured from view. The grips appear to be single lock-ons, so I don’t think we’re looking at a full-width twist throttle like you’d find on a motorcycle.

The mirror and the sumo wrestler bike horn are presumably the test engineer’s add-ons, though we can’t rule out for certain that ALSO riders will get their own mostly naked audio warning device.

What else can you see on the bike that I missed? Let me know in the comments below!

Electrek’s Take

I guess the unveiling was only two days away when this photo was snapped yesterday, and I had already spoiled a blurrier look at the bike last month, but I’m surprised they’re just parading around the yet-to-be-officially-unveiled bike in public like this. Back when Mike Radenbaugh was running the show at Rad Power Bikes, he used to personally ride upcoming bikes and camouflage them with cardboard or other concealers to make them look like any other beater city bike. So I’m surprised more effort wasn’t put into obscuring what is obviously a very unique-looking bike.

I’m glad to see more details here and it’s interesting how much investment was put into the bike’s hardware. Other than a few catalog parts like the tires, wheels, brake levers, etc, nearly the entirety of the bike appears to be custom-designed and produced for ALSO. Even for off-the-shelf parts, they went with a lot of high-end stuff. The tires and the water bottle holder are the only cheaper things I can see (mirror and sumo horn excluded). Features like ABS aren’t cheap. And it’s not clear if there is a gearbox in the mid-drive motor, but I would assume so since a single-speed would be unmarketable at this premium level. All of these features point to a bike that probably has very high performance – perhaps almost as high as its invetiable price tag.

And therein lies the rub. It’s shaping up to be a great bike, but also one that very few people will be able to afford. Or even for those who could afford it, it may be difficult to justify all the extra features and tech when, at the end of the day, it still goes just as fast and as far as all the $999 e-bikes out there. I’m not saying that’s the right way to compare it, but I am saying that’s how it WILL be compared. The simple fact of the matter is that there are few e-bike markets that are more price sensitive than in the US. Americans have become used to getting more affordable Chinese manufacturing for years, and lately they’ve seen how good that cheap manufacturing has become on pretty darn decent budget-priced electric bikes.

So will Americans pony up what will probably be 3-4x the price of a budget e-bike for one that has full-suspension, ABS, and very likely some cool connectivity-based features? Time will reveal the answer.

But let’s just say, I’m not yet convinced.