Here is what the page “Chevy Equinox EV Sales Plunge 92% as Cadillac Lyriq and Optiq Take the Lead” contains. General Motors' electric vehicle lineup saw a dramatic shift in the third quarter of 2024, with the Chevy Equinox EV experiencing a 92% sales drop compared to the previous quarter. The Equinox EV, which had been GM's top-selling electric car, was overtaken by Cadillac's luxury SUVs, the Lyriq and newly launched Optiq, which now lead the company's EV sales. The Equinox EV's decline comes despite its competitive starting price around $35,000 and recent availability of more affordable trims.
Analysts attribute the drop to production adjustments and shifting consumer demand toward premium electric models. Cadillac sold over 7,000 Lyriq and Optiq units combined in Q3, while Equinox EV sales fell to just over 1,000. This reversal highlights the challenges GM faces in balancing affordability with profitability in the EV market. For the complete material, the listing points back to the source inside the network.