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Ford takes second in US EV market after sales climb 86% as lower prices take effect
Electrek ^ | April 3, 2024

Posted on 04/03/2024 3:12:35 PM PDT by Miami Rebel

Ford is starting 2024 off strong with EV sales up 86% through the first three months. The growth was enough for Ford to place second in the US EV market behind only Tesla. Ford’s sales surge comes after slashing prices earlier this year.

Ford takes second behind Tesla in the US EV market. Ford announced that electric vehicle sales increased 86%, with 20,223 EVs sold through the first quarter of 2024.

The F-150 Lightning remained America’s best-selling electric pickup, with 7,743 units handed over, topping Rivian’s R1T. Meanwhile, Mustang Mach-E sales surged 77% YOY with 9,589 electric SUVs handed over. The Mach-E was the second best-selling electric SUV behind Tesla’s Model Y.

Ford’s E-Transit was the top-selling electric van, with 2,891 models sold, up 148% over Q1 2023. This was the E-Transit’s best sales quarter since launching in 2022.

Commercial customers are gravitating toward all-electric options, with Ford Pro EV adoption rising by over 40%. Ford said many orders for the new 2024 F-150 Lightning are repeat customers. The E-Transit is seeing higher demand as government and small business adoption rates climb.

(Excerpt) Read more at electrek.co ...


TOPICS: Miscellaneous
KEYWORDS: ev; evhybrid; evs; ford; pricecut
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Pricing EVs right seems to be a shot in the arm. What to me is really interesting is the surge in hybrids, a sector infrequently mentioned because it's much less of a political flashpoint than EVs. Toyota has quietly built up a substantial lead in sales from these vehicles.
1 posted on 04/03/2024 3:12:35 PM PDT by Miami Rebel
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To: Miami Rebel

86% of minimal......is still minimal


2 posted on 04/03/2024 3:14:34 PM PDT by changeitback440
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To: Miami Rebel

Hybrid is the only we will go, in this house.


3 posted on 04/03/2024 3:15:20 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: Miami Rebel

Ha! Ford sold 750,000 F series ICE trucks last year.


4 posted on 04/03/2024 3:18:58 PM PDT by HYPOCRACY (Brandon's pronouns: Xi/Hur)
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To: Miami Rebel

The Democrats may transition into accepting hybrids. That will be a compromise for everyone.


5 posted on 04/03/2024 3:22:21 PM PDT by MinorityRepublican
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To: Miami Rebel

Here are the reasons it is crazy to buy an EV of hybrid.
Insurance. The insurance market is changing rapidly.
After all the fires it seems the prudent thing would be for insurance to either raise rates to cover potential losses or to stop converge entirely. This includes shipping insurance, building insurance, car insurance and liability insurance.

Depreciation. Regardless of what a great deal you’re getting, you’re losing more money per month on an EV than on any ICE car not made in Russia.

Charging. EV’s might be practical if you charge them at home. But you have no idea if a charger will be available and if it’s working, or compatible, or has a bunch of bikers waiting for you to get out of the car. Biden promised seven billons would be spent on building chargers, but they’ve burned through a lot of money and built darned few.

Social. Remember when all Tesla drivers acted like smug aholes and told you they were saving the planet? More and more places are asking them to park well away from sane people.

Expense. Let’s say you make it to the end of life on your battery. Cough up another $15,000 to $45,000 when the car is only worth a fraction of that, but isn’t worn out or ugly. Not a problem with your ICE car.

There are other reasons, but any one of those should give a potential buyer pause.


6 posted on 04/03/2024 3:23:58 PM PDT by Gen.Blather (Wait! I said that out loud? )
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To: ConservativeMind

My wife’s been driving the Mach E and I must say I love it. It’s tighter handling than most SUVs or crossovers, and here in South Florida we’re not taking long trips: as a consequence we’ve never charged it yet outside of our house (which is a convenience I love.) When my darling 335i convertible (manual) dies one of these days, I’d certainly consider getting another, though I would check out hybrids too at that point. None of the currently available models grabs me except for the Volvo, but I won’t buy Chinese.


7 posted on 04/03/2024 3:24:30 PM PDT by Miami Rebel
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To: Miami Rebel

Taxpayer funded “sales”.

The taxpayer always gets screwed.


8 posted on 04/03/2024 3:32:22 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money)
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To: ConservativeMind

“”Hybrid is the only we will go, in this house.””

I’m just a decaying old widow lady - tell me what “hybrid” means, please!

Wonder why prices of EV’s wasn’t part of the article. Just % and numbers but what do they cost?


9 posted on 04/03/2024 3:33:57 PM PDT by Thank You Rush
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To: Miami Rebel

A friend of mine has the Ford Lightning thing and he says it’s an around the town Girly truck , he can’t even go to his cottage , no place to charge when he gets there ,LOL


10 posted on 04/03/2024 3:34:11 PM PDT by butlerweave
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To: ConservativeMind

It does pay to open the link - I’m sorry!!


11 posted on 04/03/2024 3:35:00 PM PDT by Thank You Rush
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To: Miami Rebel

I hope the sea don’t rise 12 ft.


12 posted on 04/03/2024 3:36:00 PM PDT by Paladin2
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To: Oldeconomybuyer

“ Taxpayer funded “sales”.

The taxpayer always gets screwed.”
*****************************************

That good old ‘RAT favorite… OTHER PEOPLE’S MONEY.


13 posted on 04/03/2024 3:36:56 PM PDT by House Atreides (I’m now ULTRA-MAGA-PRO-MAX)
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To: Miami Rebel


14 posted on 04/03/2024 3:38:53 PM PDT by Tommy Revolts (,,)
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To: Miami Rebel

The US automakers went to Biden with hat in hand and begged to be let off the mandatory quotas for EVs. They said “Let us count a hybrid as an EV in the quota.”


15 posted on 04/03/2024 3:43:20 PM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: Gen.Blather

All are good points, but some are not material at least for me and my wife. The insurance rate for her Mach-5 is about the same as the Audi Q-5 diesel it replaced, and the charger issue is moot because we charge at home.

Depreciation is a real factor that could improve over time, but for us we’ve never owned a car less than 7 or 8 years, so it’s not a material consideration. As it is, depreciation is pretty much in line with that of high-end (read: German) ICE vehicles.

I’ve never seen any parking segregation for EVs. It might exist but not in my experience.

For me the biggest factor in buying it was the ride, which is tight and firm. For a non-manual transmission car it’s just plain fun to drive. (For my wife, she thought is looked cool, especially in cyber orange.)

_____________________________________

A regular criticism is the steep cost of engine replacement, but it’s not a certain thing. Again speaking from personal experience, my BMW 335i has ran up $25k + in serve expense while under warranty, $6000 under the extended warranty I bought, and probably $5000 more since, so it ain’t a free lunch owning a ICE. My friend and manager’s X5 had its engine blowup on the turnpike from Miami to Orlando. Covered by warranty, it still amounted to a $20,000+ fix.


16 posted on 04/03/2024 3:44:12 PM PDT by Miami Rebel
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To: Gen.Blather
That's why the Donors got the Global Warming Scam in place to eliminate the competition, with un-Constitutional Regulations to ban ICE cars.

Ain't it great when you can put the competitor out of business, through legal fiat?

17 posted on 04/03/2024 3:44:25 PM PDT by traditional2 (lets go B*and*n)
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To: Miami Rebel

I
hate
EVS

Sorry, tech fetishists and EV early adopters.

EVs are a method to neuter the US industry and destroy our freedom to have gas cars and for companies to provide us with gas. So China can win.

Your FRiend the Luddite.


18 posted on 04/03/2024 3:45:30 PM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: traditional2
"the charger issue is moot because we charge at home."

Don't venture out on a road trip, and continue the sweet lemon rationalization..

19 posted on 04/03/2024 3:46:47 PM PDT by traditional2 (lets go B*and*n)
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To: Thank You Rush

Here’s the definition of hybrid: “A hybrid car uses more than one means of energy, combining a gas or diesel engine with an electric motor, and the two systems work with each other to move the vehicle. This allows the car to burn less gasoline, achieving better fuel efficiency than a traditional engine that solely uses fuel does.”

As to EV prices, the Chevy Bolt starts at $20,000. There are probably a dozen or so models below $40,000. The average car price in the US is $48,000, so they’re not out of line with the market.


20 posted on 04/03/2024 3:48:26 PM PDT by Miami Rebel
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