Does Ford have an issue with its growing EV inventory? Ford Model e’s vice president of electric vehicle programs, Darren Palmer, says “it’s a little premature” to worry about EVs piling up.
Is higher EV inventory a concern for Ford?
A new report this past week from Cox Automotive highlighted a record in EV sales in the US in the second quarter, with nearly 300,000 units sold.
Despite the rising number of electric vehicles sold, more and more are sitting on dealership lots. The days’ supply of EVs was over 100 this past month, compared to the industry average of around 53 days. So what gives?
Although EV sales will continue to outpace the industry, Cox suggests “the hard-growth days are over.”
Ford’s EV leader disagrees. In a recent interview with The Detroit Bureau, Palmer said, “It’s a little premature to be concerned about a pileup.” He explained that the automaker had been constrained on production since launching each of its EVs, the Mach E, F-150 Lightning, and E-Transit.
Instead, Palmer claimed, “We’re just loading up dealers” with EV inventory, adding:
Until now, every Mach-E (and Lightning) was backordered and people had to wait months for them. Now, we’ll have more, and have better deals.
Palmer said Ford decided to build capacity relatively quickly, but the “volume is just about to come online.” He added:
We’re also introducing a new LFP battery and making other changes that will allow us to move the price point(s) to a new area, as well as offer other derivatives in a completely new price (range) and bring it down. (The Mach-E has already) gotten more range, even as it’s gotten significantly cheaper.
To spark growth in an uncertain environment, several automakers, led by Tesla, have cut EV prices.
Ford Mustang Mach-E (Source: Ford)
After raising the prices of its popular Mustang Mach-E and Ford F-150 Lightning several times last year due to overwhelming demand, Ford joined in with significant price cuts of its own.
Ford’s leader said EVs are entering the mainstream after reaching early adopters. However, “that may take a little time”; he believes this will be a short valley as the industry transitions to EVs.
Ford E-Transit (Source: Ford)
Electrek’s Take
Palmer has a point. More EVs on dealer lots and in inventory will be good for buyers as more deals roll out – but not so much on automakers’ bottom lines.
We are already seeing many automakers cutting EV prices or offering additional incentives to boost sales.
Ford’s EV sales slipped in the second quarter by 2.8% after upgrading its facility in Mexico, where the Mach-E is built earlier, this year.
Despite this, Ford’s VP of sales distribution, Andrew Frick, said, “Improved Mustang Mach E inventory flow began to hit at the end of Q2 following the retooling of our plant earlier this year.” Frick added that Mach-E sales climbed 110% in June while overall EV sales were up 35.5% last month.
After zero Mach-E’s were built in January, Ford has ramped production all year. Ford made 200 in February; 7,381 in March; 11,858 in April; 13,639 in May; and another 13,000 in June. This could be a reason for the pileup. We’ll keep you updated on the situation as more information is available.
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Following approval from Transport Canada, EV startup Workhorse will be bringing the W56 and W750 model electric delivery vans to commercial truck dealers in Canada as early as this spring.
“This is a major step forward for Workhorse,” says Josh Anderson, Workhorse’s chief technology officer in a press statement. “Pre-clearance from Transport Canada opens up a large new market for our products throughout Canada, including with fleets that operate across borders in North America.”
Despite that uncertainty, Workhorse execs remain upbeat. “We’re excited that our electric step vans can now reach Canadian roads and highways, providing reliable, zero-emission solutions that customers can depend on,” added Anderson.
Canadian pricing has yet to be announced.
Electrek’s Take
FedEx electric delivery vehicle; via Workhorse.
There’s no other way to say it: the Trump/Musk co-presidency is disrupting a lot of companies’ plans – and that’s especially true across North American borders. But in all this chaos and turmoil there undoubtedly lies opportunity, and it will be interesting to see who ends up on top.
The new Liebherr S1 Vision 140-ton hauler is unlike any heavy haul truck currently on the market – primarily because the giant, self-propelled, single-axle autonomous bucket doesn’t look anything like any truck you’ve ever seen.
Liebherr says its latest heavy equipment concept was born from a desire to rethink truck design with a focus only on core functions. The resulting S1 Vision is primarily just a single axle with two powerful electric motors sending power to a pair of massive airless tires designed carry loads up to 131 tonnes (just over 140 tons).
The design enables rapid maintenance, as important components easily accessible for quick servicing. Wear parts can be replaced efficiently, and the electric drive significantly reduces maintenance work. This helps to minimise downtimes and increases operational efficiency.
LIEBHERR
Because of its versatility, durability, and ability to perform zero-turn maneuvers that other equipment simply can’t, the Liebherr S1 Vision can be adapted for various applications, including earthmoving, mining, and even agriculture. There’s also a nonzero chance of this technology finding applications supporting other on-site equipment through charging or fuel delivery.
The S1 accomplishes that trick safely with the help of an automatic load leveling system that ensures maximum stability, even on bumpy or rough terrain. The company says this technology significantly reduces the risk of tipping while providing smooth and secure operation across various environments.
The HD arm of Hyundai has just released the first official images of the new, battery-electric HX19e mini excavator – the first ever production electric excavator from the global South Korean manufacturer.
The HX19e will be the first all-electric asset to enter series production at Hyundai Construction Equipment, with manufacturing set to begin this April.
The new HX19e will be offered with either a 32 kWh or 40 kWh li-ion battery pack – which, according to Hyundai, is nearly double the capacity offered by its nearest competitor (pretty sure that’s not correct –Ed.). The 40kWh battery allows for up to 6 hours and 40 minutes of continuous operation between charges, with a break time top-up on delivering full shift usability.
Those batteries send power to a 13 kW (17.5 hp) electric motor that drives an open-center hydraulic system. Hyundai claims the system delivers job site performance that is at least equal to, if not better than, that of its diesel-powered HX19A mini excavator.
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To that end, the Hyundai XH19e offers the same 16 kN bucket breakout force and a slightly higher 9.4 kN (just over 2100 lb-ft) dipper arm breakout force. The maximum digging depth is 7.6 feet, and the maximum digging reach is 12.9 feet. Hyundai will offer the new electric excavator with just four selectable options:
enclosed cab vs. open canopy
32 or 40 kWh battery capacity
All HX19es will ship with a high standard specification that includes safety valves on the main boom, dipper arm, and dozer blade hydraulic cylinders, as well as two-way auxiliary hydraulic piping allows the machine to be used with a range of commercially available implements. The hydraulics needed to operate a quick coupler, LED booms lights, rotating beacons, an MP3 radio with USB connectivity, and an operator’s seat with mechanical suspension are also standard.
HX19e electric mini excavator; via Hyundai Construction Equipment.
The ability to operate indoors, underground, or in environments like zoos and hospitals were keeping noise levels down is of critical importance to the success of an operation makes electric equipment assets like these coming from Hyundai a must-have for fleet operators and construction crews that hope to remain competitive in the face of ever-increasing noise regulations. The fact that these are cleaner, safer, and cheaper to operate is just icing on that cake.