How many electric cars have Ford Motors sold? Surprisingly, it is a lot less than what you think.
Basically, Ford has delivered a total of 27,000 electric vehicles in fiscal 2021, or the period ended on Dec 31, 2021.
Keep in mind that Ford has only started to deliver all-electric vehicles in 2021.
Prior to 2021, Ford may have delivered some electric vehicles but I did not take that into consideration in this article.
Additionally, in terms of EVs that have been reserved or pre-ordered such as the newly launched F-150 Lightning as well as the E-Transit, they also are not counted in this article.
All told, you may be wondering how on earth that Ford has only delivered less than 30,000 EVs while Tesla is on track to reach 3,000,000 EV deliveries on a cumulative basis.
Before diving deeper into the topic of Ford’s EV delivery figures, let’s take a quick look at the different types of electric vehicles that are in existence today.
After finding out the different types of EVs, you will understand why Ford has only sold that many EVs.
Let’s take a look!
Electric Vehicle Types
There are a few types of EVs in existence today and they are shown as below:
1. Conventional hybrids EVs
2. Plugged-in hybrids EVs (PHEVs)
3. Battery electric vehicles (BEVs)
Conventional Hybrid EV
Conventional hybrid EVs such as the popular Toyota Prius runs on both electricity and gasoline. This type of EV consists of a gasoline engine with an electric motor and of course, a battery.
However, the conventional hybrid EVs can only be charged when the vehicles are running, using the regenerative braking concept that converts kinetic energy into electricity.
While they are idling, they can’t be plugged in and recharged.
Plugged-In Hybrid EV (PHEV)
The plugged-in hybris EVs are similar to conventional hybrid EVs in that they run on both electricity and gasoline and have an electric motor that comes with a battery.
Unlike conventional hybrid EVS, the PHEVs can be recharged by plugging into an electric outlet when they are idling.
In addition, the PHEVs can also be recharged by using the regenerative braking concept when they are on the road.
The Chevy Volt built by General Motors is an example of a PHEV.
Battery Electric Vehicle (BEV)
The BEVs are fully electric vehicles that run exclusively on electricity via onboard batteries. These types of EVs do not have a gas combustion engine. Instead, the BEVs are powered entirely by an electric powertrain which produces no emission.
BEVs can only be recharged by plugging in an electric outlet at home or at a charging station.
The Nissan LEAF and Tesla Model 3 fall into this type of EV.
Ford’s BEV Sales Numbers
When it comes to Ford’s electric vehicle sales figures, the numbers actually refer to the BEV or battery electric vehicles that Ford has sold.
Of course, the company has sold plenty of PHEVs and conventional hybrid types. However, these types of EVs come with a gasoline combustion engine and they do contribute to carbon emission.
In terms of BEVs that contribute zero emissions, Ford has delivered close to 30,000 units in fiscal 2021 alone in North America.
In Ford’s case, its EV sales figure in 2021 came entirely from only 1 model and that was the Mustang Mach E which the company has only started delivering in fiscal 1Q 2021.
Why have Ford’s EV deliveries been so few?
The reason is that Ford has only started to get serious about EV in fiscal 2020 and has launched only 3 BEV models, notably the Mustang Mach E, the 2022 F-150 Lightning and the E-Transit.
For your information, the E-Transit is a commercial van.
As shown in the following EV roadmap which Ford released in fiscal 2Q 2020, Ford has actually met its target of releasing the Mustang Mach E by the end of fiscal 2020 or early 2021.
Other than the Mustang Mach-E, Ford is also working on a battery-electric F-150 Lightning. However, the BEV version of the full-size pickup F-150 will only be available in 2022/2023.
You can actually start to book the F-150 Lightning now on the Ford website.
Other than the F-150 Lightning pickup, Ford is also on track to delivering the 2022 E-Transit, a commercial van that runs entirely on battery.
Therefore, Ford has 3 all-electric models under its belt in the U.S. as of 4Q 2021 which have been delivered and will be delivered soon.
In the meantime, the Mustang Mach E is the only all-electric model that Ford has delivered so far as of fiscal 4Q 2021 in the U.S.
Ford’s BEV Sales In China
In 2020, Ford has sold some BEVs in China. However, the BEVs model in China, called the Ford Territory BEV, were jointly developed under a joint venture with Jiangling Motors Corporation.
Under the joint venture partnership, Ford does not have a controlling interest in Jiangling Motors Corporation. As such, the sales of the Territory BEV in China will not be recognized directly as revenue for Ford. Instead, the sales will be accounted for as equity income based on the percentage of interest Ford has under the joint venture.
Going forward, Ford will be going retail when it comes to the firm’s electrification push in China.
According to Ford’s 3Q 2021 earning releases, the company is adopting the same sales techniques as Tesla in which a direct-to-consumer approach is used.
In this aspect, Ford has already launched 25 retail stores in major metropolitan areas as of the end of 2021 and is planning to expand to more than 100 stores within 5 years.
According to the 4th quarter earnings release, Ford has managed to deliver the 1st locally-produced Mustang Mach-E in China in December 2021, an important milestone as part of Ford’s electrification ambition in China.
How Many EVs Has Ford Sold?
If we account for all types of EVs, Ford did sell a considerable number of EVs, especially the hybrids and plugged-in hybrids types not only in the U.S but globally.
Again, Ford did not specifically disclose and break down the number of all types of EVs sold all around the world.
For example, in the U.S alone, Ford sold roughly 12,000 units of Fusion year-tod-ate in fiscal 2021 which included both the EVs and non-EVs models.
Similarly, Ford sold a total of 145,000 units of Ford Escape in the U.S. alone in 2021, and the figure included both the EVs and non-EVs models.
In summary, Ford has sold about 27,000 units of BEV in North America as of fiscal 2021 which consisted of entirely the Mustang Mach E.
Moreover, Ford will deliver the all-electric commercial van – E-Transit – in early 2022.
As for the F-150 Lightning, the 1st vehicle is expected to roll out of the factory in late 2022.
Therefore, Ford has only 3 BEV models so far.
I will update this article in the future to reflect the number of BEVs that Ford has delivered in North America and in China.
References and Credits
1. Financial figures in this article were obtained and referenced from financial reports and vehicle sales reports which are available in Ford’s Financials and Filings.
Other Statistics That May Help
The content in this article is for informational purposes only and is neither a recommendation nor a piece of financial advice to purchase a stock.
If you find the information in this article helpful, please consider sharing it on social media and also provide a link back to this article from any website so that more articles like this one can be created in the future. Thank you!