Becoming America's #2 Seller of Electric Vehicles, Ford Passes Kia in November

CNBC reports:Ford Motor said Friday that it has achieved CEO Jim Farley's goal of becoming the second best-selling automaker of electric vehicles in the U.S. The Detroit automaker, citing third-party industry data, narrowly topped Hyundai/Kia to hit the goal.... Ford said its share of the electric vehicle segment was 7.4% through November, up from 5.7% a year earlier. Ford reported sales of 53,752 all-electric vehicles in the U.S. through November. Tesla, which does not break out domestic results, reported global deliveries of more than 908,000 EVs through the third quarter. Hyundai's sales do not include the Nexo hydrogen fuel cell vehicle. The company says with that vehicle, it slightly outsold Ford in battery- and fuel cell-powered vehicles of 54,043 units through November. The sales come after the South Korean automaker lost incentives that gave buyers of its EVs tax credits of up to $7,500 under the Biden administration's Inflation Reduction Act, which took effect in August. Vehicles such as Ford's EVs that are produced in North America still qualify for the credit. The article notes that General Motors - America's second-largest automaker - also "plans to significantly step up EV production in the coming years." Although so far, through the third quarter of this year, "it reported sales of less than 23,000 EVs."

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