General Motors (NYSE:GM) CEO Mary Barra assured investors that electrification is well underway with May being GM's best ever EV sales month, defying the slowdown even the EV king, Tesla Inc (NASDAQ:TSLA), is struggling with. The EV push is owed to ongoing growth for Cadillac Lyriq, Chevrolet Blazer EV, GMC Hummer EV and Chevrolet Silverado EV, but more will be known when GM reports its second quarter results in July. Barra also noted that GM still expects 2024 to be a record year of EV sales.

Despite the slowdown, GM insists it remains committed to its EV future...