Ford Is the Latest Carmaker To Report Solid ‘Green’ Vehicle Sales

Ford (F) reported solid second-quarter sales of its hybrids and electric vehicles on Wednesday, with overall sales growth coming in at about 1%.

Ford on Wednesday said it sold 536,050 vehicles in the quarter, 0.8% higher than the same period in 2023. Sales of its hybrid Maverick pickup jumped 81%, helping the company hit a record of 53,822 hybrids sold. Sales of the electric F-150 Lightning jumped 77% to 7,902.

Combined, Ford truck sales were up 4.5% to 308,920. Total sales of F-Series trucks, the most popular vehicles in the U.S., declined 6.1% to 199,463.

Ford’s Hybrids, EVs Driving Growth

Hybrid and electric vehicles, along with post-purchase add-ons like hands-free highway driving options, are driving growth at Ford, according to Ford Blue President Andrew Frick.

Electric vehicle (EV) sales came in at 23,957, a 61% increase. More than half of the gains were produced by the Mustang Mach-E, which saw sales rise 47% to 12,645. 

It’s been a strong week for EV sales. Along with Ford and General Motors (GM), pure-play EV manufacturers Tesla (TSLA) and Rivian Automotive (RIVN) also posted solid quarterly delivery numbers.

Ford shares have gained about 5% so far this year. They were little changed in Wednesday’s holiday-shortened trading session, closing at $12.85.