Sales of GM's electric cars are up 60% in the US, and more affordable options are on the way. Tesla reported a more modest 6.4% increase worldwide, though it sold far more vehicles overall.

Key Takeaways General Motors reported third-quarter EV sales soared 60% year-over-year, but they were up just 12% for Ford Motor.GM got a boost from demand for its new Equinox EV, which sold nearly 10,

GM this week reported a 2% drop in third-quarter U.S. sales to 659,601 deliveries. Toyota Motor Corp. reported a 0.8% decline in third-quarter sales with 542,872 deliveries. Stellantis NV's sales fell by 20% to 305,294 vehicles.