Ford

Ford on Monday reported a 1.6 per cent rise in US sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes.

US President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a temporary surge in sales during the third quarter.

Industry experts had predicted a subsequent drop in EVs sales later this year. Sales of Ford’s EVs, such as the Mustang Mach-E and the F-150 Lightning, slipped nearly 25 per cent to 4,709 vehicles in October from a year ago.

But pickup truck sales rose nearly 5 per cent to 105,771 units, helped by demand for Ranger and Maverick models.

Ford, General Motors and Stellantis have rolled back their ambitious plans for EVs in the US, pivoting to their gasoline-powered models.

Ford’s overall sales in the month rose to 175,584 units, up from 172,756 units a year ago.>

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