Ford has had an awfully good quarter on the EV and hybrid side of the business if you only look at the sales numbers the company reported in May.
Ford Motor’s U.S. new vehicle sales rose 11.2% last month compared with May of last year, boosted by strong sales growth for all-electric and hybrid models.
The Detroit automaker on Tuesday reported roughly 65% increases in sales of both hybrid and all-electric vehicles. That’s compared with a 5.6% rise in sales of Ford’s traditional vehicles with internal combustion engines.
“Woot!” right? Pass the champagne?
Not entirely. Those sales still only make up 14% of Ford’s overall volume – not something a company wants to hear that was going to switch their focus to an all-electric footprint. Hybrids are beginning to outstrip EV sales, which is why Ford has delayed the development of any new EV models.
And the worse EV news of all is what…
