Ford Mustang Mach-E and F-150 Lightning connected show astatine the New York International Auto Show connected March 28, 2024.
Danielle DeVries | CNBC
DETROIT – Sales of electrical vehicles and ample SUVs drove Ford Motor's third-quarter income up by 8.2%, the Detroit automaker reported Wednesday.
Ford said income of all-electric vehicles accrued by 30.2% during the play to a caller quarterly grounds of much than 30,600 units. Its "electrified" vehicles, including EVs and hybrids, accrued 20% compared with the aforesaid play a twelvemonth earlier.
Sales of Ford's SUVs accrued astir 10% during the quarter, including monolithic gains for its larger SUVs arsenic good arsenic the Mustang Mach E EV, which was up 51% from a twelvemonth earlier.
EV income during the 3rd 4th are expected to beryllium a record, arsenic buyers pulled up plans to acquisition a caller zero-emissions conveyance up federal EV incentives of up to $7,500 ending successful September.
Ford CEO Jim Farley connected Tuesday said helium "wouldn't beryllium surprised" if income of EVs fell from an manufacture marketplace stock of astir 10% to 12% this period — which is expected to beryllium a grounds — to 5% aft the inducement programme ends.
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