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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 only started going all-electric 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 2 million productions and deliveries.

In contrast, Ford’s U.S. annual EV sales arrived at only 72,600 units while delivering slightly over 165,000 BEVs globally as of 2023.

Let’s delve into the topic in more detail.

Please use the table of contents to navigate this page.

Table Of Contents

Definitions And Overview

O2. How Ford Motor Distributes Its EVs
O3. How Ford Motor Sells Its EVs

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 By Year 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

Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

Vehicle Wholesale: Ford’s vehicle wholesale includes all Ford and Lincoln badged units (whether produced by Ford or by an unconsolidated affiliate) that are sold to dealerships or others, units manufactured by Ford that are sold to other manufacturers, units distributed by Ford for other manufacturers, and local brand units produced by our China joint venture, Jiangling Motors Corporation, Ltd. (“JMC”), that are sold to dealerships or others.

Vehicles sold to daily rental car companies that are subject to a guaranteed repurchase option (i.e., rental repurchase), as well as other sales of finished vehicles for which the recognition of revenue is deferred (e.g., consignments), are also included in wholesale unit volumes.

Ford’s vehicle wholesale excludes transactions between Ford Blue, Ford Model e, and Ford Pro segments.

Mustang Mach-E: The Ford Mustang Mach-E is an electric SUV manufactured by Ford Motor Company. It was introduced in 2019 and is the first vehicle under the Mustang brand name since the original Mustang was introduced in 1964.

The Mach-E is designed to be a high-performance electric vehicle with a range of up to 300 miles on a single charge and can accelerate from 0 to 60 mph in as little as 3.5 seconds. It also features several advanced safety features and a sleek, modern design that appeals to many consumers.

Ford F-150 Lightning: The Ford F-150 Lightning is an all-electric version of the popular Ford F-150 pickup truck. It features a dual-motor setup that delivers instant torque, impressive acceleration, and a range of up to 300 miles on a single charge.

The truck is designed with practicality in mind, with a spacious and versatile interior and a range of useful features like a built-in power generator and a large front trunk. Overall, the Ford F-150 Lightning is a unique and exciting addition to the electric vehicle market, offering the power and performance drivers expect from a pickup truck and the environmental benefits of an all-electric drivetrain.

E-Transit: Ford’s E-Transit is an all-electric version of the popular Ford Transit cargo van. It has a range of up to 126 miles on a single charge and will be available in multiple configurations to suit various commercial needs. The E-Transit is designed to be a zero-emissions vehicle, making it an ideal choice for businesses looking to reduce their environmental footprint while still enjoying the performance and functionality of the Transit.

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How Ford Motor Distributes Its EVs

Ford Motor distributes its EVs through a variety of channels, including dealerships, online sales, and partnerships with other companies. The company has a network of over 3,000 dealerships across the United States, where customers can test drive and purchase Ford EVs.

Additionally, customers can buy Ford EVs directly from the company’s website or through online retailers such as Amazon. Ford has also partnered with Electrify America to provide customers access to a nationwide charging station network.

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How Ford Motor Sells Its EVs

Ford Motor sells its EVs through traditional dealership sales, online sales, and strategic partnerships. The company’s dealerships play a major role in selling Ford EVs, offering test drives and personalized customer service.

Additionally, customers can purchase Ford EVs directly from the company’s website or through online retailers such as Amazon. Ford has partnered with companies such as Greenlots and Electrify America to provide customers access to charging stations and other EV-related services.

Overall, Ford is committed to making it easy and convenient for customers to purchase and own its EVs.

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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 electricity and gasoline and have an electric motor 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 them into 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.

The definitions of Ford’s Mustang Mach-E, F-150 Lightning, and E-Transit are available here: Mustang Mach-E, F-150 Lightning, and E-Transit.

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.

The definitions of Ford’s Mustang Mach-E, F-150 Lightning, and E-Transit are available here: Mustang Mach-E, F-150 Lightning, and E-Transit.

Ford sold 72,600 EVs in the U.S. in fiscal 2023, up 18% over 2022. In fiscal 2022, Ford’s total EV retail volume in the U.S. landed at nearly 61,600 units, which was more than double the previous year.

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.

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BEV Sales By Year In Percentage

Ford EV sales numbers by year in percentage

Ford EV sales numbers by year in percentage

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* 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 72,600 units in fiscal 2023 represent only 3.64% of its U.S. retail volume, slightly higher than 3.3% in 2022.

Although BEV makes up only a small portion of Ford’s U.S. sales, it has significantly risen from 0.0% in 2020 to 3.64% as of 2023.

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BEV Sales By Quarter

Ford EV sales numbers by quarter

Ford EV sales numbers by quarter

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* 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 25,900, 21,000, and 14,800 battery electric vehicles in the U.S. in the last three quarters of fiscal 2023.

Ford’s latest quarter of BEV sales in 2023 represents a rise of 27% year-over-year.

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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 of 72,600 units in the U.S. in 4Q 2023 were up 18% from a year ago.

Although BEV sales have significantly climbed, most results in 2023 were flat quarter-to-quarter.

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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 4Q 2023, Ford recorded an 18% year-on-year increase in its electric vehicle sales in the U.S.

Although BEV sales growth still landed at double digits, the latest figure was the lowest since 2022. A noticeable trend is that Ford’s BEV sales growth in the U.S. has significantly slowed.

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BEV Sales By Model

Ford EV sales by model

Ford EV sales by model

(click image to enlarge)

* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

The definitions of Ford’s Mustang Mach-E, F-150 Lightning, and E-Transit are available here: Mustang Mach-E, F-150 Lightning, and E-Transit.

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 Ford’s most popular electric vehicle model, with sales averaging around 10,000 units per quarter in 2023.

Ford’s retail volume for the F-150 Lightning in 2023 totaled 6,000 units per quarter on average, while the E-Transit came in at 2,000 units per quarter on average.

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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.

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* 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 definitions of Ford’s Mustang Mach-E are available here: Mustang Mach-E. The Mustang Mach-E has been Ford’s top-selling electric vehicle in the United States for many years.

In fiscal 2022, Ford sold 39,500 Mustang Mach-E, and this figure reached 40,800 units by the end of 2023.

Collectively, Ford’s sales of Mustang Mach-E in the U.S. totaled 107,400 as of 4Q 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.

As shown in the chart above, most of Ford’s vehicle sales in the U.S. are internal combustion type.

Ford sold over 1.8 million and 1.7 million ICE vehicles in fiscal 2023 and 2022, respectively, a relatively high number compared to electric and hybrid vehicles.

Ford’s electric vehicle sales in the U.S. arrived at 72,600 units as of 2023, while hybrid vehicle sales reached 133,700 units in the same period.

All of Ford’s vehicle types experienced sales growth in 2023. For example, Ford’s ICE sales were up 6%, while BEV and hybrid sales gained 18% and 25% 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

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* Ford’s fiscal year begins on Jan 1 and ends on Dec 31.

Ford’s sales of internal combustion engine vehicles in the U.S. accounted for 89.7% and 91.0% of the company’s U.S. total retail volume in 2023 and 2022, respectively.

On the other hand, Ford’s BEV sales made up only 3.6% and 3.3% of its total U.S. retail volume. Hybrid vehicle sales were slightly higher, at 6.7% and 5.7%, in fiscal 2023 and 2022, respectively.

Having committed to all-electric, Ford’s BEV and hybrid sales in the U.S. are seriously low compared to fossil-fueled vehicles. Together, they formed 10.3% and 9% of the U.S. total retail volume in 2023 and 2022, respectively.

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Worldwide EV Sales By Year

Ford-worldwide-EV-sales-by-year

Ford-worldwide-EV-sales-by-year

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

The definition of Ford’s vehicle wholesale is available here: vehicle wholesale.

Ford delivered 165,000 and 128,000 battery electric vehicles globally in fiscal 2023 and 2022, respectively.

The 2023 global delivery of 165k electric vehicles represents an increase of 29% over 2022.

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

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Worldwide EV Sales By Quarter

Ford-worldwide-EV-sales-by-quarter

Ford-worldwide-EV-sales-by-quarter

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* 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.

The definition of Ford’s vehicle wholesale is available here: vehicle wholesale.

Ford delivered a record high of 49,000 battery electric vehicles globally in 4Q 2023, up 14% from a year ago.

Ford’s worldwide sales of BEV in 3Q and 2Q 2023 came in at 48,000 and 47,000 units, respectively, which are much higher than the same period 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.
* 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.

The definition of Ford’s vehicle wholesale is available here: vehicle wholesale.

As of 4Q 2023, Ford Motor delivered a record figure of 165,000 battery electric vehicles globally on a TTM basis, up 29% from a year ago.

A noticeable trend is that Ford’s global EV sales have steadily risen from 128k vehicles in 4Q 2022 to 165k vehicles as of 4Q 2023.

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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 3.7% of the company’s worldwide vehicle volume as of 4Q 2023, up from 3.0% a year ago.

A noticeable trend is that this ratio has steadily increased since 2022, demonstrating Ford’s growing EV sales worldwide.

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Summary

Ford’s sales of battery electric vehicles in the United States and worldwide account for only a small fraction of the company’s total vehicle volume.

Besides, Ford’s BEV sales are far behind Tesla and Chinese EV makers such as Nio, Xpeng, and Li Auto.

Investors interested in vehicle sales of Nio, Xpeng, and Li Auto may find more information on this page: Nio, Xpeng, and Li Auto vehicle sales.

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 providing a link to this article from any website so that more articles like this 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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