Ford EV Sales Plunge 61% in November After Federal Tax Credits Expire

Ford Motor Co. reported a steep 61% year-over-year decline in U.S. electric vehicle sales for November, delivering just 4,247 EVs compared with last year’s levels. The sharp drop follows the expiration of key federal EV tax credits, which had previously supported demand and contributed to Ford’s record EV performance in October.

The collapse in EV sales weighed on Ford’s broader results: Total U.S. sales fell 0.9% to 164,925 vehicles for the month, despite strength in hybrid models and select gas-powered trucks.

The November figures highlight Ford’s continued volatility in its EV business as shifting incentives and consumer price sensitivity reshape demand. The expiration of the federal credits created a sudden affordability shock, echoing similar patterns observed in earlier industry cycles when incentives were withdrawn.

Meanwhile, competitors posted stronger results. Toyota Motor North America sold 212,772 vehicles in November, including 93,082 electrified models, demonstrating more resilient demand across hybrids and other non-EV electrified segments. Toyota continues to benefit from its long-standing hybrid-heavy strategy as consumers seek fuel-efficient options without the higher upfront cost of fully electric vehicles.