Ford’s EVs Just Had Another Record Sales Quarter

• Ford’s electric vehicles set new sales records in the third quarter.
• The Ford Mustang Mach-E had its best quarter since debuting in 2020, while the F-150 Lightning had its best third quarter ever.
• Ford sold a little over 30,000 EVs in the previous quarter, a 30.2% year-over-year increase.

Ford’s electric vehicles had their best-ever third-quarter sales, with the Mustang Mach-E leading the American automaker’s leaderboard, followed by the F-150 Lightning pickup truck.

From July to September, Ford sold 20,177 Mustang Mach-E electric crossover in the United States, an increase of 30.2% over the same period last year, and the best quarter for the Tesla Model Y competitor since its introduction in 2020.

Photo by: Ford

The Ford F-150 Lightning, meanwhile, delivered 10,005 pickups in Q3, an increase of 39.7% over last year, making it the best third quarter in the model’s history. It also means the Lightning is still America’s best-selling electric pickup, according to Ford.

The E-Transit van was the only EV in Ford’s portfolio that had a decrease in sales in this year’s third quarter–and a severe one at that. With just 430 units delivered in Q3, the Ford E-Transit’s sales went down by 85% compared to the same period last year, when the Mercedes-Benz eSprinter rival had 2,955 sales. 

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When it comes to electrified vehicles, meaning hybrids, plug-in hybrids and all-electric models, Ford had its best quarter ever. The blue oval automaker sold 85,789 electrified vehicles in the third quarter, a 19.8% year-over-year increase. With 242,298 electrified vehicles sold since the beginning of the year, Ford claims it outsold General Motors and Stellantis combined.

Hybrids also hit a Q3 record with a total of 55,177 sales. The Ford F-150 Lightning led the way with 22,212 sales, an increase of 10.3% that solidified the pickup’s title as America’s best-selling full-size hybrid truck. Meanwhile, the Maverick hybrid sold 63,516 models from the beginning of the year.

The uptick in passenger EV sales during the third quarter might have something to do with the $7,500 federal tax credit ending on September 30. Some dealers and customers rushed to place orders before the cutoff date, which boosted sales numbers for most automakers, not just Ford. However, in Ford’s case, its financing arm purchased the EVs in dealers’ inventory and made the initial down payments on them. Then, customers could lease those EVs with the tax credit factored into the final price, even if the contract was dated after September 30.