Nov 3 (Reuters) - Ford on Monday reported a 1.6%
rise in U.S. sales in October, as a rise in demand for pickup
trucks offset falling electric vehicle volumes.
U.S. President Donald Trump's tax and spending bill ended
the $7,500 tax credits for new EV purchases last month, leading
to a temporary surge in sales during the third quarter.
Industry experts had predicted a subsequent drop in EVs
sales later this year. Sales of Ford's EVs, such as the Mustang
Mach-E and the F-150 Lightning, slipped nearly 25% to 4,709
vehicles in October from a year ago.
But pickup truck sales rose nearly 5% to 105,771 units,
helped by demand for Ranger and Maverick models.
Ford, General Motors ( GM ) and Stellantis ( STLA ) have
rolled back their ambitious plans for EVs in the U.S., pivoting
to their gasoline-powered models.
Ford's overall sales in the month rose to 175,584 units, up
from 172,756 units a year ago.