When will the production of EVs surpass that of legacy vehicles? Well, for one particular model, that day has arrived—at least temporarily. Bloomberg reports that, so far this year, Ford has produced more units of its new Mustang Mach-E EV than it has gas-powered Mustangs.
Ford has built 27,816 Mustang Mach-Es at a plant in Mexico this year, and 26,089 legacy Mustangs at its Flat Rock, Michigan factory, according to recently released production data. Is this game over for gasoline? Well, not just yet—the main motivation for the Mach-E manufacturing mania is that Ford is prioritizing its newest models as it struggles with the global semiconductor shortage.
“We have purposely protected our launches—Bronco, Bronco Sport, Mach-E, F-150,” CEO Jim Farley told Bloomberg. “If we can switch a module over to one of those launch vehicles, we have. We’re very protective of the launches because they are so important for our business.”
Ford’s Michigan factory built not a single gas Mustang last month—that’s how bad the chip shortage is. The demand for gas-powered ponies has not gone away—far from it. The supply of traditional ‘Stangs is down to 24 days, about a third of the usual inventory. In terms of US sales, the gas Mustang is still outselling the electric version by nearly three to one, according to Business Insider.
The good news is that demand for the Mach-E is impressive. “Mach-E has been much stronger than we expected, so we’ve totally run out of stock,” said Farley at the recent F-150 Lightning launch event, adding that the wait for a Mach-E is currently measured in months. Meanwhile, the Mach-E was the top-selling vehicle in Norway in May, its first full month of sales in the world’s strongest EV market.
“We are really excited about the success that we are having with our launch of the all-new Mustang Mach-E, not just here in America, but globally too,” said Ford Sales Analyst Erich Merkle.
Early reservations for the F-150 Lightning look promising, too, and the stock market seems to approve of Ford’s foray into electrification. The company’s stock recently surged to a six-year high after it reported May sales figures that showed a massive 184% jump in EV deliveries.
Source: Bloomberg, Business Insider, Reuters