EVs power Ford to its sixth straight month of sales growth as tax credits wind down
Ford sales grew 3.9% year over year in August, the automaker’s sixth consecutive month of US growth.
Electric vehicles, which saw more than 19% sales growth on the month, led the charge, while hybrid sales climbed by more than 14%. Buyers have rushed to scoop up electric vehicles ahead of the end of the $7,500 EV tax credit, which was scrapped as part of the Trump administration’s One Big Beautiful Bill Act and ends after September 30.
About half of Ford EV owners said they wouldn’t have bought their vehicle without the credit, according to recent survey data. Despite the August boost, Ford EV sales are still down from last year eight months into the year.
Ford’s EV growth comes as the company has shifted its electric production strategy, leaving the single assembly line behind to speed up manufacturing and utilize fewer workers. Last month, the company announced that the first vehicle built through its new system will be an electric truck starting at $30,000.
