HomeMarket NewsFord Achieves Milestone: Electric Mustangs Outpace Gas Models in 2024 Sales

Ford Achieves Milestone: Electric Mustangs Outpace Gas Models in 2024 Sales

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Ford’s Mustang Mach-E Outpaces Gas-Powered Version in Sales

Unprecedented Milestone: Last year, Ford Motor Co. F achieved an important milestone by selling 51,745 Mustang Mach-E SUVs in the U.S., surpassing the sales of its traditional gas-powered Mustang for the first time since the electric model launched in late 2020.

Sales Breakdown: Initially, Ford sold just three units of the Mach-E in the final quarter of 2020. However, total Mustang sales for that year reached 61,090 units. From 2021 onward, while Mach-E sales steadily increased, the sales of the gas-powered Mustang declined, culminating in last year’s historic achievement.

Year Mustang Mach-E Sales Mustang Sales
2020 3 61,090
2021 27,140 52,414
2022 39,458 47,566
2023 40,771 48,605
2024 51,745 44,003
Source: Ford
hOMJj ford mustang mach e sales since 2020

Market Importance: The Mustang Mach-E belongs to Ford’s expanding lineup of electric vehicles, which also includes the F-150 Lightning pickup and the E-Transit electric van. In total, Ford sold 97,865 electric vehicles in 2023, making up just 4.7% of its total vehicle sales for the year. Despite this modest percentage, the company continues to offer a wide range of combustion engine vehicles, including popular models like the F-Series trucks and the Explorer SUV.

For more insights, explore Benzinga’s Future Of Mobility coverage by following this link.

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Photo courtesy: Ford

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