{"id":30716,"date":"2022-09-02T18:06:56","date_gmt":"2022-09-02T22:06:56","guid":{"rendered":"https:\/\/autosector.com\/?p=30716"},"modified":"2022-09-02T18:06:56","modified_gmt":"2022-09-02T22:06:56","slug":"ford-ev-sales-soar-307-august-second-us-ev-sales","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=30716","title":{"rendered":"Ford EV sales soar 307% in August as automaker clinches second place in US market"},"content":{"rendered":"

Ford<\/a> has poured all of its efforts into converting its fleet to electric, and it\u2019s paying off big time. America\u2019s best-selling automaker continues seeing strong demand for its EV models as sales grew another 307% in August. <\/p>\n

For over a century, Ford has been leading the US auto industry to new heights. Henry Ford revolutionized the industry, introducing the first moving assembly line in 1913<\/a> to boost production. <\/p>\n

After that, the company made the first-ever truck, the Ford Motel TT, in 1915. Now the company is moving to a new frontier, an all-electric one. <\/p>\n

Ford is having success thus far in converting its most popular models to EVs. It started with the Mustang Mach-e<\/a> in Dec 2020, an electric twist on the longtime muscle car favorite. After that, Ford introduced an electric version of its commercial van, the E-Transit, a heavy favorite in the industry.<\/p>\n

To dig deeper into the EV market, Ford introduced the F-150 Lightning, an all-electric pickup, to join its ever-popular f-series lineup. Deliveries began in May 2022, and by August, Ford had delivered its EV truck<\/a> to all 50 US states. The company is now struggling to keep up as more and more orders are coming in. <\/p>\n

James Farley, Ford\u2019s CEO, commented on the positive response from consumers during its second-quarter earnings call<\/a> at the end of July, explaining: <\/p>\n

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Now we\u2019ve been overwhelmed with the demand for our first-generation EVs, the Mustang Mach-E, the Lightning and the E-Transit. These products are in the market now, and we have strong multiyear order banks. We\u2019re selling them as fast as we can make them.<\/p>\n<\/blockquote>\n

Ford looks to hit a 60,000 EV run rate by the end of next year while ramping it up to 2 million by 2026. That being said, Ford is locking up deals for critical battery minerals with suppliers like CATL<\/a> to ensure it can hit its goals.<\/p>\n

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Ford Mustang Mach-e Vapor Blue Source: Ford<\/figcaption><\/figure>\n

Ford EV sales grew more than four-fold in August, extending winning streak<\/h2>\n

After selling out initially, Ford reopened orders<\/a> for the F-150 lightning in early August with new pricing and updated colors. And then last week, Ford opened orders for the Mustang Mach-e<\/a>, also featuring a price raise and two new colors. <\/p>\n

The F-150 Lightning had its best month (again), selling on dealer lots in just eight days, its fastest turning vehicle. The EV truck sold 2,373 in August, 200 more than in July. <\/p>\n

The Mustang Mach-e, on the other hand, is in heavy demand despite being on the market for over a year now. Mach-e sales reached 3,120, up 115% from August 2021. Yet, orders for the new Mach-e hit record levels of over 7,800 in the month.<\/p>\n

Ford\u2019s commercial EV van dominates the market with over 90% share. The automaker sold 404 E-transit\u2019s in August.<\/p>\n

The feedback has been impressive so far, with Ford claiming the second spot in the US EV sales market in August. Here\u2019s a breakdown of Ford\u2019s EV sales to date for 2022.<\/p>\n