Dec 2 (Reuters) – Ford Motor Co on Tuesday reported a marginal drop in its U.S. auto sales in November, as sales of its electric vehicles fizzled following the end of tax credits. Demand for electric vehicles has taken a hit after U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits […]
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Ford US sales down slightly in November as EVs drag
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Dec 2 (Reuters) – Ford Motor Co on Tuesday reported a marginal drop in its U.S. auto sales in November, as sales of its electric vehicles fizzled following the end of tax credits.
Demand for electric vehicles has taken a hit after U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases in October.
The automaker also had to contend with the impact of a fire at one of the plants of a key aluminum supplier, hitting production of its F-150 Lightning electric pickup.
Sales of Ford’s EVs, such as the Mustang Mach-E and the F-150 Lightning, were down about 61% to 4,247 vehicles in November from last year.
Overall sales of the Detroit automaker in the month slipped nearly 1% to 164,925 units from a year earlier.
(Reporting by Nathan Gomes in Bengaluru; Editing by Anil D’Silva)