Ford to triple electric Mustang output by 2023

Ford Motor expects to triple the output of its all-electric Mustang Mach-E SUV to more than 200,000 units annually by 2023 for North America and Europe, its CEO Jim Farley wrote in a tweet on Friday.

Farley wrote on Twitter: “It’s hard to produce Mustang Mach-Es fast enough to meet the incredible demand, but we are sure going to try. So starting in 2022 we are increasing production and expect to reach 200,000+ units per year for North America & Europe by 2023. That’s 3x our 2021 output. ⚡️⚡️⚡️”

Introduced in 1964, Ford Mustang had 72,489 sales in 2019, which was described by the automaker as “Mustang sales totaled 72,489 cars this year, making it America’s best-selling sports car for a fifth straight year. Mustang began its first sales of GT500 in Q4, with GT350/GT500 sales up 35.2 percent. Explorer ST retail sales were up 29.5 percent in Q4 over last year’s Explorer Sport, while Raptor pickup sales were up 12.9 percent over last year.”