Ford Mustang Sales Are Up. But Its EVs Are Way Down

Ford finds its EV sales numbers in a tough spot. The news isn’t surprising, of course, as federal tax credits have disappeared. What is surprising, however, is the rise of gas-powered Mustang sales. In November, Ford sold nearly as many pony cars as it did EVs. I don’t just mean the Mach-E, but all electric Ford offerings combined.

Mustang sales have been slow this year up until this point. The automaker moved just over 1,800 examples in September. But Mustang shoppers turned out in force in November, with Ford selling an impressive 4,207 Mustangs last month.

By comparison, the Blue Oval brand only sold 4,247 EVs. That would be the Mach-E, the F-150 Lightning, and the E-Transit. Each of those models experienced a rapid drop-off last month. But one month only tells part of the story.

Overall, the EV lineup has achieved a greater sales volume year-to-date compared to the Mustang alone. Ford has sold nearly 80,000 electric vehicles in 2025 compared to just over 40,000 Mustangs.

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Source: Ford

While Mustang sales are still down year-to-date, the November uptick helps close the gap. This time last year, Ford had sold 41,528 Mustangs. In 2025, that figure is 40,870. The electric vehicle drop-off is worsening for Ford, particularly for the Lightning and E-Transit.

Ford moved just 227 electric vans in November. Just a year prior, Ford sold 1,240 examples of the electric Transit in the same month. That’s an 82 percent dip. The Lightning is down 72 percent this month compared to the prior year.

There are a few bright spots in Ford’s sales numbers. The Maverick is doing great. Ford sold 9,883 units in November, compared to 6,899 at the same time last year. Additionally, the Ranger is up 36 percent in November compared to the same month last year. As a whole, the automaker is up over 6 percent year-to-date.

It will be interesting to see if the Mustang finishes the year on a high note. The iconic pony car is experiencing a 1.6 percent decline in sales year-to-date compared to 2024. A strong December, however, could push it in the right direction.

As for the EVs in the family, the drop is likely to continue unless Ford serves up some serious incentives. So if you’re shopping for an EV, keep your eyes peeled for some serious deals as we head deeper into the holiday season.

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