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Ford Electric Vehicle Sales In The U.S. And Globally

Ford Mustang Mach-E. Image source: www.ford.com.

How many electric cars has Ford Motor sold?

This article presents the U.S. EV sales and worldwide EV sales of Ford Motor Company (NYSE: F).

For your information, Ford Motor started going all-electric only in fiscal 2020.

Before 2020, Ford may have experimented with electric vehicles, but it is not the focus of this article.

Being a latecomer, Ford Motor’s EV deliveries are far behind Tesla’s.

Based on the latest results, Tesla is approaching the production and delivery threshold of 2 million units.

In contrast, Ford’s U.S. EV sales reached only 60,000 units while delivering slightly over 100,000 BEVs globally as of 2022.

Let’s delve into the topic in more detail. To begin, here’s the table of contents for your reference.

Table Of Contents

Types Of EV

A1. Electric Vehicle Types
A2. Conventional Hybrid EV
A3. Plugged-In Hybrid EV
A4. Battery Electric Vehicles

Ford’s EV Roadmap

B1. BEV Roadmap

Ford’s EV Sales By Year In The U.S.

C1. BEV Sales By Year
C2. BEV Sales In Percentage

Ford’s EV Sales By Quarter In The U.S.

D1. BEV Sales By Quarter
D2. BEV Sales By TTM

Ford’s U.S. EV Sales Growth Rates

D3. Growth Rates Of U.S. EV Sales

Ford’s U.S. EV Sales By Model

E1. BEV Sales By Model

Ford’s U.S. Best Selling EV

E2. U.S. Best-Selling EV

Ford’s U.S. Sales By Powertrain

F1. U.S. Sales By Powertrain
F2. U.S. Sales By Powertrain In Percentage

Ford’s Global EV Sales

G1. Worldwide EV Sales By Year
G2. Worldwide EV Sales By Quarter
G3. Worldwide EV Sales By TTM
G4. Worldwide EV Sales In Percentage

Summary And Reference

S1. Summary
S2. References and Credits
S3. Disclosure

Electric Vehicle Types

There are a few types of EVs in existence today, and they are shown below:

1. Conventional hybrid EVs
2. Plugged-in hybrid EVs (PHEVs)
3. Battery electric vehicles (BEVs)

Conventional Hybrid EV

Conventional hybrid EVs, such as the popular Toyota Prius, run on electricity and gasoline. This type of EV consists of a gasoline engine with an electric motor and, of course, a battery.

However, 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.

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Plugged-In Hybrid EV (PHEV)

The plugged-in hybrid 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 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.

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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 that produces no emissions.

BEVs can only be recharged by plugging in an electric outlet at home or a charging station.

The Nissan LEAF and Tesla Model 3/Y fall into this type of EV.

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BEV Roadmap

Ford EVs development roadmap

Ford EVs development roadmap. Source: Ford’s 2Q 2020 earnings release

(click image to enlarge)

* Ford’s EV roadmap was obtained from the company’s earnings release.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford has committed to an all-EV rollout in fiscal 2020 and has launched only 3 BEV models: the Mustang Mach E, the 2022 F-150 Lightning, and the 2022 E-Transit.

According to the EV roadmap, Ford has successfully delivered all its EV models, including the Mustang Mach E, F-150 Lightning, and E-Transit, on time.

The 2022 E-Transit is a commercial van that runs entirely on battery while the F-150 Lightning is an electric pickup truck.

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BEV Sales By Year

Ford EV sales numbers by year

Ford EV sales numbers by year

(click image to enlarge)

* Ford’s EV sales figures are obtained from the company’s U.S. monthly car sales reports.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Every year, Ford’s sales of EVs in the U.S. were none in fiscal 2020.

However, two years later, in fiscal 2022, Ford sold slightly over 61,000 battery electric vehicles, up 127% over 2021.

Ford only started delivering the E-Transit and F-150 Lightning electric pickups in 2022.

Before 2022, Ford had only the Mustang Mach-E to deliver.

As of 2023, Ford’s U.S. EV sales totaled nearly 47,000 units in the first three quarters.

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BEV Sales In Percentage

Ford EV sales numbers by year in percentage

Ford EV sales numbers by year in percentage

(click image to enlarge)

* Percentage figures come from the author’s calculation.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford’s BEV sales of 61,575 units in fiscal 2022 represent only 3.3% of its U.S. retail volume.

The 2022 result was significantly higher than the 1.42% measured in fiscal 2021.

As of 2023, Ford’s U.S. EV sales accounted for 3.1% of its U.S. retail volume in the first three quarters.

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BEV Sales By Quarter

Ford EV sales numbers by quarter

Ford EV sales numbers by quarter

(click image to enlarge)

* Ford’s EV sales figures are obtained from the company’s U.S. monthly car sales reports.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford Motor sold 21,000 BEVs in the U.S. in fiscal 3Q 2023, up 15% year-on-year.

This figure includes all BEV models, such as the Mustang Mach-E, E-Transit, and F-150 Lightning.

Ford’s battery electric vehicle retail volumes were much smaller in 1Q and 2Q 2023, at only 11,000 and 15,000 units, respectively.

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BEV Sales By TTM

Ford EV sales numbers by ttm

Ford EV sales numbers by ttm

(click image to enlarge)

* TTM figures are calculated based on the sum of the quarterly numbers on a trailing 12-month or 4-quarter basis.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

On a TTM basis, Ford’s electric vehicle sales were flat in most quarters in fiscal 2023.

However, the 2023 results were up significantly on a year-over-year basis.

As of 3Q 2023, Ford’s retail volume of battery electric cars hit 67,000 units, up 4% over the prior quarter and 35% from a year ago.

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Growth Rates Of U.S. EV Sales

Ford-U.S.-EV-sales-growth-rates

Ford-U.S.-EV-sales-growth-rates

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* Growth rates are calculated according to the TTM data.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

As of 3Q 2023, Ford recorded a 35% year-on-year increase in its electric vehicle sales in the U.S.

Despite experiencing a double-digit growth rate, this figure is the lowest since 2022.

A noteworthy trend is that the growth of Ford’s BEV sales in the U.S. has significantly declined as of 2023 compared to a year ago.

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BEV Sales By Model

Ford EV sales by model

Ford EV sales by model

(click image to enlarge)

* Ford’s EV sales figures are obtained from the company’s U.S. monthly car sales reports.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

As of 2023, Ford sold only 3 BEV models in the U.S.: Mustang Mach E, F-150 Lightning, and E-Transit.

The Mustang Mach-E has been the most popular electric vehicle model for Ford, with an average of around 7,000 units sold quarterly.

As of 3Q 2023, Ford’s retail volume for the Mustang Mach E totaled nearly 15,000 units, the highest number ever reported.

In the same quarter, Ford sold 3,500 F-150 Lightning and 2,600 E-Transit.

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U.S. Best-Selling Electric Vehicle Model

Ford best-selling EV in the U.S.

Ford best-selling EV in the U.S.

(click image to enlarge)

* Ford’s best-selling BEV figures are obtained from the company’s U.S. monthly car sales reports.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

The Mustang Mach-E is Ford’s top-selling electric vehicle in the United States.

Ford sold a total of 39,000 Mustang Mach-E in fiscal 2022, and this figure reached 29,000 in the first three quarters of 2023.

Collectively, Ford’s sales of Mustang Mach-E in the U.S. totaled 95,000 as of 3Q 2023.

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U.S. Sales By Powertrain

Ford U.S. sales by powertrain

Ford U.S. sales by powertrain

(click image to enlarge)

* Ford’s U.S. sales by powertrain are obtained from the company’s U.S. monthly car sales reports.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford’s vehicle sales in the U.S. still rely on internal combustion engines, as shown in the chart above.

Ford sold over 1.36 million ICE vehicles in the first three quarters of 2023, an 8% increase from the same period in 2022.

Only a tiny percentage of Ford’s U.S. sales are electric vehicles, such as BEVs and hybrids.

Ford’s electric vehicle sales in the U.S. totaled nearly 47,000 units in the first three quarters of 2023, while hybrid vehicle sales reached 96,500 units, up 13% and 16%, respectively, over the same period in 2022.

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U.S. Sales By Powertrain In Percentage

Ford U.S. sales by powertrain in percentage

Ford U.S. sales by powertrain in percentage

(click image to enlarge)

* Percentage data comes from the author’s calculation.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford’s sales of internal combustion engines in the U.S. accounted for 90.5% and 91.0% of the company’s U.S. retail volume in the first three quarters of 2023 and 2022, respectively.

Despite committing to going all-electric, Ford’s BEV sales only accounted for 3.1% and 3.0% of its total U.S. retail volume in Q1-Q3 2023, and 2022, respectively.

Similarly, Ford’s hybrid vehicle sales represent only a tiny portion of the company’s U.S. volume.

In the first three quarters of 2023, only 6.4% of Ford’s U.S. sales were hybrid vehicles, and the ratio was not much different in 2022.

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Worldwide EV Sales By Year

Ford-worldwide-EV-sales-by-year

Ford-worldwide-EV-sales-by-year

(click image to expand)

* Ford’s global EV sales data are based on the wholesale figures.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford delivered 128,000 and 116,000 battery electric vehicles globally in fiscal 2022 and the first three quarters of 2023, respectively.

Ford’s global BEV delivery results for 2022 and 2023 are significantly higher than its U.S. BEV sales for the same periods.

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Worldwide EV Sales By Quarter

Ford-worldwide-EV-sales-by-quarter

Ford-worldwide-EV-sales-by-quarter

(click image to expand)

* Ford’s global EV sales data are based on the wholesale figures.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford delivered a record high of 48,000 battery electric vehicles globally in 3Q 2023, up 50% over the same quarter a year ago.

Ford’s worldwide sales of BEV in 1Q 2023 and 2Q 2023 came in at 21,000 and 47,000 units, respectively, also much higher than the same periods a year ago.

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Worldwide EV Sales By TTM

Ford-worldwide-EV-sales-by-ttm

Ford-worldwide-EV-sales-by-ttm

(click image to expand)

* Ford’s global EV sales data are based on the wholesale figures.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

As of 3Q 2023, Ford Motor delivered a record figure of 159,000 battery electric vehicles globally on a TTM basis, up 11% over the previous quarter.

The worldwide delivery figure is more than twice the figure recorded in the U.S.

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Worldwide EV Sales In Percentage

Ford-worldwide-EV-sales-in-percentage

Ford-worldwide-EV-sales-in-percentage

(click image to expand)

* Percentage data are based on the TTM figures.
* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford Motor’s global BEV sales accounted for 3.6% of the company’s worldwide vehicle volume as of 3Q 2023.

This ratio increased slightly from the 3.2% recorded in 2Q 2023.

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Summary

Ford’s sales of battery electric vehicles in the United States and worldwide represent a small fraction of the company’s total vehicle sales, and are far behind other EV makers such as Tesla.

Therefore, Ford still has a lot of work to do to win the electric vehicle race.

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References and Credits

1. All vehicle sales and financial figures presented in this article were obtained and referenced from Ford’s earnings release, SEC filings, and vehicle sales reports, which are available in Ford’s Financials and Filings.

2. Featured images in this article are used under the Creative Commons license and sourced from the following websites:
(a) Challenge Bibendum
(b) Ford Electric
(c) Comparing Electric Vehicles

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Disclosure

References and examples such as tables, charts, and diagrams are constantly reviewed to avoid errors, but we cannot warrant the total correctness of all content.

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!

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{ 5 comments… add one }
  • Brandon Peters October 12, 2020, 12:45 pm

    What about the Ford Focus Electric? I believe it’s all battery, not that they sold lots.

    • cckean October 12, 2020, 2:05 pm

      For whatever reason, Ford has ended the production of Ford Focus Electric in 2018, according to Wikipedia.

      “Ford stated that initial production was limited but was ramped up in 2012. North American Ford Focus production ended in May 2018.”

  • Brandon Peters October 12, 2020, 11:03 pm

    Sure, but the article says Ford has sold 0 EVs and then basically zero. Wikipedia says they’ve sold over 9,000 of this one car. I assume there aren’t others but it makes me feel like I can’t trust this article at all now.

    Don’t get me wrong I’m not a Ford supporter nor do I think they’re doing enough to electrify, but the statement seems misleading to me. Multiple times it says no EVs have been sold.

    • cckean October 13, 2020, 2:01 pm

      Thanks for pointing this out. I will made the necessary adjustment to the article.

      My research on Ford’s electric vehicles has been based on the company’s latest filings and earnings releases.

      It seems to me that Ford has only just started in terms of BEV roll out based on their latest earnings releases.

  • tdot June 19, 2023, 6:12 am

    You also apparently neglected the fact that Ford sells the Mach E in Europe and China. You only counted US sales for Ford, but global sales for Tesla. Why would you do that?

    Ford has sold about 200k Mach E alone, plus Lightning, plus E-Transit, plus a few Transit Connect EVs, plus some Ranger EVs.

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