Ford announced Thursday that F-150 Lightning sales climbed 160% in August. Despite the surge, Ford’s gas-powered cars and trucks still accounted for 86% of sales last month.
Ford Lightning carries EV sales growth in August
The American automaker sold 182,985 vehicles in the US last month, showing 13.4% growth from last August.
Ford’s electric vehicle sales rose 28.9% to 8,944 units. The F-150 Lightning accounted for most of the growth, with 2,858 units sold, up 160.7% year over year.
F-150 Lightning sales reached 21,121 through the first eight months of 2024. That’s up 86% from the 11,327 sold at this time last year.
The Mustang Mach-E saw modest sales growth, with 5,341 units sold in August, up 6% year over year. Ford has sold 32,167 Mach-Es through August.
Despite slowing growth, Ford’s Mach-E is still edging out the Hyundai IONIQ 5 in the US. Ford sold 32,167 Mach-Es through August, topping Hyundai’s IONIQ 5 with 26,982 units. However, Hyundai revealed the updated 2025 IONIQ 5, which will be the first vehicle built at its new plant in Georgia.
Hyundai’s IONIQ 5 had a record-breaking August with 4,838 units sold, up 35% YOY, ahead of the updated model, which will arrive at dealerships this fall.
Gas vehicles still dominate sales amid EV delays
Ford is one of several automakers pushing back major EV initiatives. The Detroit-based automaker revealed it’s scrapping plans to launch its three-row electric SUV last month.
As part of its shifting strategy, Ford is doubling down on affordable EVs and hybrids. It is recruiting former Tesla, Rivian, and Apple employees for its team in California to develop what it calls one of the most efficient EV platforms.
The platform will underpin a new affordable pickup due out in the second half of 2027. Instead of an electric three-row SUV, Ford now plans to launch a family of hybrid models.
Ford’s hybrid sales were up 50% in August, with 16,394 models sold. Despite Ford’s electrified sales growth, gas-powered cars and trucks dominated last month overall.
Ford’s internal combustion sales rose 10%, with 157,647 gas-powered vehicles sold last month, accounting for 86% of total sales.
Electrek’s Take
By canceling its three-row electric SUV and pushing back other EV launches, Ford is opening the door for rivals like Hyundai and Kia to continue grabbing market share.
Kia just had its best sales month ever in the US, with over 75,200 vehicles sold in August. The company said SUVs and new EVs were driving growth.
The EV9, Kia’s first three-row electric SUV, continues to see demand in the US. With another 2,388 models sold last month, Kia EV9 sales reached 13,874 through August. Kia is also launching a refreshed EV6, which was launched in the UK with an updated design and more range.
Hyundai is another overseas automaker that topped its total and retail US sales records last month. Later this year, Hyundai will officially unveil its three-row electric SUV, the IONIQ 9. It will be built alongside the new IONIQ 5 at Hyundai’s massive new facility in Georgia.
Korean automakers are not the only ones gaining momentum in the US. The Honda Prologue, Subaru’s Solterra, and others all had record sales month in August.
As the EV race heats up in the US, it will be interesting to see who comes out on top (outside of Tesla) over the next few quarters.
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National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrekreported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
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Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
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Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
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