Ford 1Q Electric Vehicle Sales Surge Amid Mixed Results Among Automakers
By Denny Jacob
Ford Motor reported sales across its electric vehicles surged to start the year, a bright spot as the broader EV sector faces lingering challenges.
The automaker said it sold a little more than 20,000 EVs in the first quarter, which it added made Ford America's second best-selling EV brand behind Tesla for the quarter.
Other notable results in the period include Ford's best-ever quarterly hybrid sales record, which it attributed to an increasing preference for hybrid trucks and SUVs across its gas and hybrid vehicles.
Ford's results signal the fluidity of the EV sector. EV maker Tesla on Tuesday reported its first year-over-year decline in quarterly deliveries since 2020. Other major automakers disclosed first-quarter sales on Tuesday as well, including Hyundai Motor's EV sales which doubled in the first quarter while General Motors saw EV sales decline about 20% during the period.
Challenges in the EV sector include slower growth and soft enthusiasm from consumers about going electric.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 03, 2024 10:18 ET (14:18 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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