Mustang Mach-E sales show there’s a new sheriff in town
Ford can’t keep up with EV demand
The Ford Mustang Mach-E has now surpassed the gas-powered pony car in production this year. It’s a massive milestone for the EV that is selling as quickly as Ford can ship them to dealers and deliver them to customers.
Ford has built 27,816 copies of the electric Mustang Mach-E at its plant in Mexico, versus 26,089 copies of the ICE Ford Mustang built in Michigan, according to recently released production data, Bloomberg reports.
“Mach-E has been much stronger than we expected, so we’ve totally run out of stock,” Ford CEO Jim Farley said at the introduction of the electric F-150 Lightning pickup earlier this month. “Mach-E is going global as we speak, but in the U.S.” the wait for a Mach-E “is months.”
The semiconductor shortage had a role to play as well, with Ford putting the priority for a scarce supply of microprocessors on new models like Bronco and Mach-E over existing models like Mustang. While the automaker hasn’t yet been able to build inventory of those models, it had a significant supply of the Ford Mustang car line and Bloomberg says the brand still has 24 days remaining.
That inventory, combined with exports of Mach-E to other markets, mean that Mustang is still outselling Mustang (Mach-E) in the US this year. Data released at the start of this month shows the gap at 29,710 for the car and 10,510 for the electric crossover. Expect this gap to shrink if supply catches up with demand.
Ford has said previously it expects four in 10 models to be EVs by 2030 and has stepped up spending to help meet that goal.