Ford drops as its EV sales tumble more than 60% year over year on the end of the tax credit
As expected, Ford’s EV sales continued to fall in November, dropping more than 60% year over year to 4,247 vehicles. That’s around 10% less than October’s figure. Ford shares are down about 2% on Tuesday morning.
Ford sales are being weighed down by the elimination of the $7,500 EV tax credit at the end of September, as well as the aluminum fires at the New York plant of its primary aluminum supplier.
The company’s total November sales figure ticked down 0.9% to 164,925 vehicles, about 10,000 below October’s total.
