Ford’s EV sales drop 2.8% in Q2 2023

Ford saw a 2.8% decline in its US electric vehicle (EV) sales during the second quarter. The drop in sales can be attributed to the temporary halt in production at Ford’s Mexican factory, which builds the Mustang Mach-E.

According to figures released by Ford on Thursday, the Detroit-based automaker sold 14,843 EVs between April and June. This compared to 15,273 during the same period last year. The F-150 Lightning accounted for 4,466 of those sales, a figure that is more than double what it sold in Q2 last year, and over 4% higher than in Q1 2023.

In contrast, the Mach-E saw its sales drop over 21% compared to last year, selling 8,633 units in Q2. Production at the Mach-E plant in Cuautitlan, Mexico, was paused in January and February to expand its capacity. Ford said the restart of the factory in the second quarter allowed inventory levels to recover, resulting in a 110% surge in Mach-E sales in June.

Ford’s commercial E-Transit van also saw a dip in sales, accumulating 1,744 sales in Q2, down 3.2% compared to Q1 2023 and down nearly 24% compared to the same time period last year.

EVs accounted for 2.8% of Ford’s sales volume in the quarter. The automaker has already projected a $3 billion loss in its Model E business for this year, as it continues to invest $50 billion to develop and ramp up EV manufacturing. Ford’s goal is to build 2 million EVs annually by the end of 2026.

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