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6d ago

Ford’s U.S. EV Sales Tumble 61% in November as Total Deliveries Edge Lower

Analysts cite the loss of the $7,500 EV credit alongside a supplier fire as the main drivers of the drop.

A model of the all-new Ford F-150 Lightning electric pickup is parked in front of the Ford Motor Company World Headquarters in Dearborn, Michigan, U.S., April 26, 2022. REUTERS/Rebecca Cook
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Once the U.S. EV tax credits expired, so did 2025's record-setting sales pace.

Overview

  • Ford reported U.S. November sales of 164,925 vehicles, down about 0.9% from a year earlier.
  • Electric-vehicle deliveries fell to 4,247, a year-over-year decline of roughly 61% across models including the Mustang Mach‑E and F‑150 Lightning.
  • The $7,500 federal EV tax credit ended in October under President Trump’s tax and spending bill, a shift dealers and analysts say curbed demand.
  • A fire at a plant of a key aluminum supplier disrupted output of the F‑150 Lightning, further pressuring EV volumes.
  • Shares slipped about 2% after the report, with November EV sales roughly 10% below October and total deliveries about 10,000 lower than the prior month.