Ford ended 2023 with its best-ever quarter for electrical automobiles (EVs) sakes, serving to it safe second spot because the top-selling EV model within the US, behind trade chief Tesla.
Based on Ford’s numbers launched on Wednesday, the 12 months noticed outstanding progress in Ford’s EV division, Mannequin e, culminating in a record-breaking 72,608 complete gross sales of electrical vehicles. The F-150 Lightning and E-Transit emerged because the best-sellers of their respective segments, contributing to a 24% improve in gross sales through the ultimate quarter.
Regardless of not introducing any new EV fashions in 2023, Ford skilled an 18% improve in EV gross sales in comparison with the earlier 12 months. The F-150 Lightning recorded a notable 55% improve, the Mustang Mach-E achieved a 3% improve, and gross sales of the E-Transit van jumped 18%.
Regardless of going through challenges akin to labour strikes and provide points, Ford CEO Jim Farley expressed satisfaction within the firm turning into the second best-selling EV model within the US. Farley additionally teased the discharge of its future EVs constructed on the corporate’s next-generation structure.
Happy with our workforce for sturdy 2023!
@Ford is #2 EV model in U.S. w/ file This fall & 12 months. EVs up 24% from Q3 & 18% for 12 months. F-150 Lightning up 74% for This fall. Mustang Mach-E had its greatest 12 months ever. E-Transit is best-selling electrical van nameplate in U.S. And next-gen EVs are on the best way!
@jimfarley98 | X
Ford’s success comes amid a strategic shift, with the corporate scaling again its EV plans. Regardless of the record-breaking 12 months, Ford is delaying roughly $12 billion in EV spending. The corporate can also be considerably lowering manufacturing of the F-150 Lightning, on the similar time elevating costs by as a lot as $10,000 for the 2024 mannequin 12 months.
Half of Ford’s sellers have additionally opted out of promoting EVs.