Ford's Electric Sales Plummet, US Auto Sales Projected to Decline

Fords November sales dipped slightly, with a total of 166,374 units sold. While SUVs and trucks performed well, electric vehicle sales plummeted by over 60%. The Mustang Mach-E and F-One-Fifty Lightning saw significant sales drops, marking a notable reversal for Fords electric vehicle division. Other automakers like Hyundai and Honda also experienced sales declines, with electric vehicle models seeing drops of over 50% and 80% respectively. The downturn is attributed to the expiration of the EV tax credit and higher vehicle prices, leading to projected US auto sales decline of 8% for November.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.