Ford has recently inched closer to Tesla, which had long held the largest market share for electric vehicles, to become the second-leading electric car manufacturer in the United States. Despite the fact that many other automakers are developing a variety of attractive and entertaining vehicles, Ford is surprisingly outperforming many of those legacy automakers to rank as the second-best-selling EV company in the country.
Right now, Ford is having a good ride on the U.S. electric vehicle market and has introduced several new brands. The Mustang Mach E, which has been fully available on the market for a year, is the reason for Ford’s success since it generated excellent sales for Ford in September.
Other models from Ford include the E-Transit van, F-150 Lightning and Ford GT LM special edition. In addition to declaring plans to double production of its F-150 Lightning, the company said it would triple its manufacturing capacity at its Mexico facility.
Mustang Mach E
We begin with the Mustang Mach E, whose sales continue to soar. According to a Ford report, sales increased by at least 47.3% from October 2021 sales. Its tremendous performance shows that this model will remain a favorite of many for a long period of time. This is evident from the Ultimate EV Battle Bracket Tournament, where the model faced off against Tesla’s Model Y, and according to the respondents, the Mustang Mach E was close to winning the battle, with 49.5% of respondents preferring it against 50.5% who chose the Model Y.
Sales of the F-150 Lightning have continued to increase since it was launched in June, and more than 8,000 units of the F-150 have been sold so far. Thanks to the electrified version, it continues to be Ford’s quickest-selling model.
E-Transit electric van
Not only have the Mach E and F-150 Lightning contributed to Ford’s success, but the E-transit van also draws customers to the company despite its slow but unstoppable improvement. Ford estimates that its van accounts for close to 90% of the market’s sales of commercial vans. It further stated that it is currently among the most popular commercial vans being sold in America. Ford reported exceptional sales of 4,387 vans, and the company expects future sales of this model to be on par with those of its other EV models, the Mach E and the F-150 Lightning.
There are also hybrid vehicles that reported a notable increase in sales, demonstrating how Ford benefited from exceptional EV sales in September, and Ford will undeniably continue to post significant sales growth in the future.
It is game on, and other startups such as ElectraMeccanica Vehicles Corp. Ltd. (NASDAQ: SOLO) have their work cut out to claim their own share of the EV market before Tesla, Ford and a few others totally dominate the nascent industry.
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