Ford states it’s decreasing production of the F-150 Lightning electrical pickup automobile as it changes to weaker-than-expected electrical car sales development
ByThe Associated Press
January 19, 2024, 8: 29 AM
FILE – The Ford F-150 Lightning showed at the Philadelphia Auto Show on Jan. 27, 2023, in Philadelphia. Ford states it’s minimizing production of the F-150 Lightning electrical pickup automobile as it changes to weaker-than-expected electrical lorry sales development. (AP Photo/Matt Rourke, File)
The Associated Press
Ford is cutting production of the F-150 Lightning electrical pickup after weaker-than-expected electrical lorry sales development.
While EV sales are growing in the U.S., the speed is falling well short of the market’s enthusiastic schedule and lotsof customers are turning to hybrid cars rather.
Ford offered simply over 24,000 Lightnings last year, up 55% from2022 But dealerships are reporting slower sales and increasing stocks on the electrical truck, which begins at simply under $50,000.
Electric car sales general grew 47% to a record 1.19 million last year, according to Motorintelligence.com. The EV market share grew from 5.8% in 2022 to 7.6% last year. But EV sales development slowed towards the end of the year. In December, they increased 34%.
Ford stated that about 1,400 employees wil