Ford is one of the traditional automakers trying to catch up with Tesla in EV production. The American company sold a total of 61,575 battery-powered vehicles in 2022, more than double its tally for 2021.
Ford now sits in a distant second place behind Tesla in EV sales. The Michigan-based auto manufacturer recorded a massive 126% increase in EV sales in 2022 thanks to the introduction of the F-150 Lightning pickup and E-Transit van.
EVs took only 3.3% of Ford’s total sales last year. However, CEO Jim Farley aims for his company to make two million EVs annually by the end of 2026. It has created a $50 billion war chest to meet the goal.
Ford has sold 15,617 F-150 Lightnings since last May to top in electric pickup sales. The Mach-E jumped 45% in sales to 39,458 units, inching closer to the sales of the ICE Mustang, which saw a decline of 9.2 percent.
Andrew Frick, VP of sales at Ford, said his company’s EV business grew at twice the rate of the overall EV segment.
In comparison, Tesla sold more than 1,300,000 EVs in 2022. Ford’s perennial rival General Motors, which President Biden likes to tout as the EV space leader, ended the year with about 39,000 EVs sold.