Ford takes second in US EV market after sales climb 86% as lower prices take effect

Electrek ^ | April 3, 2024

[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.

[Miami Rebel]

The IRS already allows a tax break on plug-in hybrids. Consumer Reports will give you a run-down on which models qualify.

[frank ballenger]

Article said repeat customers....

Tesla has them but without Tesla’s figure....
just 52.1% of electric vehicle (EV) owners said they will buy an EV next time they go car shopping. Oct 17, 2023

NPR
Headlines for electric vehicles have been piling up lately. Sales leveled off at around 9% of the new car market, and even dipped down at the start of the year. Feb 7, 2024

One forum had a good point. The EV technology, especially for the chargers and batteries, is evolving year by year. So the one you just bought will not fit the next charger and you’ll have to buy an adaptor or re-fit. Or your battery will not be available at places selling the next one. eCompanies will make money on what you have to do.

[citizen]

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

---

I did not open the full article. If no price and price slashing details were included, you can be sure both the cost is still high and the price slashing was significant to spur sales of these vehicles.

Ford was alerady losing $Billions on their EV sales. Slashing prices to increase sales will only make the red ink flow faster.
Either:
Ford loses even more money per EV sale
or
Taxpayers will further get shafted picking up these costs.

[dznutz]

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.

Exactly, and many people, and a few airheads here on this forum, can’t see the forest for the trees. Let’s see how well EV’s sell when the government takes its thumb off of the scale of the free market.

[Miami Rebel]

We lost our freedom* to use rotary phones decades ago yet we have still survived. Mobile phones were originally owned just by early adopters, but I’ll take a guess that you own one today.

*If manufacturers stopped making internal combustion vehicles today, there’d still be a vast market for service stations for years to come. You’d have the freedom to drive your 1970 Buick GS with the 455inch block for many thousands of miles.

[butlerweave]

If you order a gasoline car the dealer might call you later and say we cancelled your order but we have an EV same price and color you can have that one , it’s the dealer’s new scam

[smokingfrog]

The Mach-E is butt ugly.

[Dr. Sivana]

The F-150 Lightning remained America’s best-selling electric pickup, with 7,743 units handed over

For comparison, the Pontiac Aztek, a company wrecking flop, sold about 27,000 per year for a while. A REAL F-150 sells north of 750,000 these days.

[The Unknown Republican]

I will never buy an EV on principle. Anyone that claims to be a conservative and does so is not a conservative. It’s a scam and people that buy into it should be ashamed of themselves.

[Miami Rebel]

Every new transportation system in this country has been heavily molded by subsidies and laws designed to encourage it. (The same is true for telecommunications: laws depriving home and business owners of property rights allowed the construction of the network of phone poles on the easements the phone companies demanded.) Enormous tax breaks have been doled out to oil companies and investors for decades. (I say that as an investor owning thousand of shares of Enterprise Products, the biggest pipeline company based in the US [Enbridge is bigger, but is Canadian-based.] In addition to getting a very generous distribution, roughly 80& of my income stream is sheltered from dividend taxation thanks to my partnership tax deferral.)

My long-winded point is that a truly free market hasn’t existed in this country in the post-Civil War era.

Nothing new under the sun.

[butlerweave]

I think a lot of people that buy EVs never do their homework and have no idea what they’re getting into

[Zack Attack]

“We lost our freedom* to use rotary phones decades ago yet we have still survived.”

Much Like Vinyl, Rotary Phones Are Making a Comeback — Here Are 12 You Can Buy Online

https://www.yahoo.com/news/much-vinyl-rotary-phones-back-230002691.html

By the way, I’m hungry. *picks up receiver* Sarah, could you connect me to Papa John’s?

[TNoldman]

So now For us increasing their loss per EV! Great News???

[Miami Rebel]

The irony is that next to Donald Trump, Elon Musk has become the hero of the American conservative movement.

That’s despite the fact his fortune is based on massive tax breaks and, in the case of SpaceX, direct investment of billions by the feds.

[The Unknown Republican]

I do not disagree, nor do I trust Elon Musk.

[TNoldman]

Corrected - So now Ford is increasing their loss per vehicle. Great news?

Will they make it up on Volume?

[who_would_fardels_bear]

What about self-charging EVs? These are the ones that just use regenerative braking to give a boost to MPG. No plug in at all.

That is the only type of EV I would consider. The batteries that support the regenerative braking are small and don't add that much weight to the car. I imagine they are also much less of an explosion hazard.

[Fresh Wind]

How much is Ford losing on each EV the sell?

[Miami Rebel]

Years ago, I was reading the International Herald Tribune in Italy (Verona, to be precise.)

I saw an article in which someone had taken old rotary dial phones and replaced the inner working with electronics. The resulting device sold for $300. I told my wife that if they sold for half the price I’d buy one.

I can’t remember if the numbers generated electronic signals or if the user had to really use the dial. (I hope it was the latter.)

Can you imagine how great it’d be to whip out an enormous, clunky, black metal phone at a restaurant and start dialing with it loudly clicking away?

To this day I regret not buying it.

P.S. Speaking of vinyl, I have maybe 3000 LPs, heavily classical and opera, not one of which I’ve played on my turntable in years. Want to make an offer?

[who_would_fardels_bear]

There's a YouTube channel called Common Sense Skeptic that details all of the hype that Elon has posted over the years and details how he actually became a billionaire.

Maybe they're libtards who hate Musk, but they do seem to have the receipts when they call him on some of his bull.