Ford Motor Co on Tuesday reported a marginal drop in its U.S. auto sales in November, as sales of its electric vehicles fizzled following the end of tax credits.
Demand for electric vehicles has taken a hit after US President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases in October.
The automaker also had to contend with the impact of a fire at one of the plants of a key aluminum supplier, hitting production of its F-150 Lightning electric pickup.
Sales of Ford’s EVs, such as the Mustang Mach-E and the F-150 Lightning, were down about 61 per cent to 4,247 vehicles in November from last year.
Overall sales of the Detroit automaker in the month slipped nearly 1 per cent to 164,925 units from a year earlier.>
