Michigan-based automaker Ford Motor Co (NYSE:F) on Friday reported a significant 11% drop in electric vehicle sales in the U.S. this January, owing to a drop in demand for its Mustang Mach-E electric SUV.
What Happened: Ford sold 4,674 electric vehicles in January this year as compared to the 5,247 units sold in the first month of 2023. Sales of the electric Mustang Mach-E SUV took the most hit with the company selling only 1,295 units of the vehicle last month, marking a slump in sales of about 51%. The company also witnessed a minor drop in F-150 Lightning EV truck sales by 6 units as compared to January last year.
For the E-transit electric van, however, the year has kicked off to a good start, with sales bumping up ...