In the fourth quarter, Ford sold 530,660 vehicles in the US, an 8.8% year-over-year increase, however, EV sales rose only 16.3% to 30,176—showing struggles for a return on its multi-billion dollar EV investment.
Despite a substantial investment in EVs and the Biden administration's goal to have 50% of vehicles as EVs by 2030, sales have not picked up significantly, reflecting ongoing consumer concerns regarding range, charging speed, and station availability.
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