Ford's Electric Vehicle Sales Soar in Q2, Overtaking GM to Secure Second Place in US EV Market after Tesla

Money | July 3, 2024, 12:05 p.m.

Ford's electric vehicle sales surged 61% in the second quarter of 2024, with nearly 24,000 EVs sold. The growth was primarily driven by the success of their electric cars, particularly the F-150 Lightning and Mustang Mach-e, both seeing significant sales increases. The F-150 Lightning remained the top-selling electric truck in America despite new competition from Tesla and Chevy. Ford's EV sales have enabled them to maintain their position as the second-largest electric vehicle seller in the US, surpassing GM once again. The company's focus on expanding their EV lineup, including the popular E-Transit van, has paid off with impressive sales growth. As competition in the EV market intensifies, Ford is embracing a strategy of developing smaller and more affordable electric vehicles to bridge the gap with Tesla and meet consumer demand.