Downward Movement: Ford is Swiftly Losing Ground in the Electric Car Market

Ford’s market share in electric cars has significantly decreased since 2022. The company’s market share in the North American market for mass-market electric vehicles has dropped over the past three years. Previously at an impressive 28.42%, it now stands at a much lower 15.78%. This decline raises concerns about Ford’s competitiveness in the growing electric vehicle sector. The company’s downward trend is evident, with other automakers gaining ground by offering more advanced electric car models and capturing consumer interest.