Ford Motor Company (NYSE: F) is committed to transitioning to electric vehicles, investing billions of dollars for the electrification of iconic models, revamping plants and setting up battery manufacturing units and charging infrastructure.
The strategy is apparently paying off, as is evident from the January sales results Dearborn reported Wednesday.
Ford EV Sales At Record: Ford’s EV sales rose 167.2% year-over-year to 13,169 vehicles in January, Ford said in its monthly sales update.
The company noted that its EV sales rose almost four times faster than the overall EV industry, and its EV market share increased from five points to 10.9 points.
Electrified vehicle sales had their best start ever, with record January sales, Ford said.
“This year represents a turning point for Ford in electrified vehicles, as our electrified portfolio grew at nearly four times the rate of the industry segment, with E-Transit and F-150 Lightning set to hit