Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide

TL;DR

Ford said its share of the electric vehicle segment was 7.4% through November, up from 5.7% a year earlier.Tesla, which does not break out domestic results, reported global deliveries of more than 908,000 EVs through the third quarter.Ford topping Hyundai comes after the South Korean automaker lost incentives that gave buyers of its EVs tax credits of up to $7,500 under the Biden administration's Inflation Reduction Act, which took effect in August.But with more EVs becoming available, S&P Global Mobility reported its market share of new registered electric vehicles in the U.S. stood at 65% through the third quarter, down from 71% last year and 79% in 2020.2 spot − a goal Farley previously announced Ford would achieve by 2023 − may prove challenging."

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