On Friday, Ford CEO Jim Farley said that the automaker achieved its objective of turning into the second best-selling automaker of EVs within the U.S. Citing third-party business information, Ford mentioned that it beat out Hyundai/Kia to fulfill that objective. Ford is now the second best-selling EV automaker behind Tesla.
The automaker mentioned that its share of the EV section was 7.4% via November, which is up by 5.7% from the identical time in 2021. From January via November, Ford reported gross sales of 53,752 all-electric autos within the U.S.
Ford’s beating out Hyundai follows the South Korean automaker’s lack of incentives that gave its clients EV tax credit of as much as $7,500 beneath President Biden’s Inflation Discount Act (IRA). The IRA took impact in August and prioritizes American-made EVs akin to Ford’s.
The automaker additionally crossed a milestone of producing its 150,000th all-electric Mustang Mach-E.
“Congratulations to our staff on constructing the 150,000th #MustangMach!,” Farley tweeted, including that he was excited to hit the milestones because the automaker scales its international EV manufacturing. He additionally introduced that Ford will make the Mach-E obtainable in all 37 nations.
Tesla CEO Elon Musk has proven assist of the rival automaker and congratulated Farley on that achievement. Farley thanked him and added that there’s “numerous work forward.”
Disclosure: Johnna is a $TSLA shareholder and believes in Tesla’s mission.
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