Ford’s EV gross sales climbed 61% within the second quarter, carrying the automaker’s development. With practically 24,000 electrical automobiles bought in Q2, Ford topped GM once more to stay second within the US EV market because it seems to shut the hole with Tesla.
Ford’s EV gross sales carry development in Q2 2024
Ford bought 23,957 electrical automobiles within the second quarter of 2024, up 61% year-over-year (14,843 in Q2 2023).
Electrical vehicles led the expansion as Ford’s hybrid gross sales had been up 55% whereas inner combustion gross sales fell 5%.
Ford’s EVs all noticed double-digit gross sales development YOY. F-150 Lightning gross sales had been up 77% to 7,902. With 15,645 fashions bought by way of June, the Lightning remained America’s top-selling electrical truck as new competitors just like the Tesla Cybertruck and Chevy Silverado EV RST hit the market.
Mustang Mach-e gross sales had been up 46%, with 12,645 fashions bought. The Mach-e had its greatest first-half efficiency since launching, with 22,234 items handed over.
Gross sales of Ford’s electrical van, the E-Transit, proceed climbing, with 3,410 items bought in Q2, up 96% YOY.
Ford bought 44,180 electrical vehicles within the first half of 2024, up 72% from the 25,709 handed over right now final yr.
Ford EV modelQ2 2024 gross sales% development YOYFirst half of 2024 gross sales% development YOYMustang Mach-E12,64546.5percent22,23458.4percentF-150 Lightning7,90276.9percent15,65478.7percentE-Transit3,41095.5percent6,301116.4percentFord’s EV gross sales in Q2 and first half of 2024
The expansion was sufficient for Ford to remain atop rival GM within the US EV market. GM delivered 21,930 EVs in Q2 for a complete of 38,355 by way of the primary half of 2024.
GM can also be ramping output with new fashions, together with the Chevy Blazer, Equinox, and Silverado EVs hitting the market.
2024 Ford F-150 Lightning Flash (Supply: Ford)
Tesla doesn’t give a regional breakdown however beat expectations, delivering 443,956 EVs within the second quarter.
Different rivals, together with Hyundai and Kia, hit new EV gross sales data in Q2 because the competitors heats up within the US.
Ford Mustang Mach-E GT Bronze version (Supply: Ford)
Hyundai bought a report variety of IONIQ 5s in Q2 as first-half gross sales reached 18,728. In the meantime, gross sales of Kia’s first three-row electrical SUV, the EV9, are heating up.
The information comes as CEO Jim Farley confirmed this week that Ford is shifting to smaller, extra inexpensive EVs to shut the hole with Tesla and fend off others like BYD globally. Farley mentioned smaller EVs are “tremendous vital for our society” whereas addressing America’s love for “monster automobiles” (you possibly can learn extra right here).
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