Please ensure Javascript is enabled for purposes of website accessibility

Ford's Mustang Mach-E Trounced Tesla in Norway Last Month

By John Rosevear - Jun 1, 2021 at 11:15AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It was the best-selling car of any kind in the EV-loving Nordic nation.

Ford Motor Company's (F 2.02%) Mustang Mach-E was the best-selling vehicle of any kind in Norway in May, the first full month of sales for the electric Ford in the country that buys more electric vehicles (EVs) per capita than any other.

Norway is a small market for vehicles by global standards, but the country has become a bellwether for EV sales because of a policy that exempts fully electric vehicles from the stiff taxes imposed on those with internal-combustion engines. 

Battery-electric vehicles made up just over 60% of all new cars sold in Norway in May, up from 43% a year ago, according to new figures from the Norwegian Road Federation. The Mustang Mach-E was the leader with 1,384 sold, for a roughly 10% share of the overall market. 

A red Ford Mustang Mach-E, a sporty electric crossover, with a Norwegian license plate.

Ford's electric Mustang Mach-E was the best-selling vehicle in Norway in May. The Tesla Model 3 was sixth. Image source: Ford Motor Company.

The Tesla (TSLA 0.21%) Model 3 was sixth on the sales list, trailing models including Toyota's (TM -0.41%) RAV4 hybrid and the electric Enyaq from Volkswagen (VWAGY 1.59%) brand Skoda. 

"Although this is obviously big for us, our realistic goal is that it should also be clearly visible on the statistics for several months to come," said Ford Norway CEO Per Gunnar Berg in a statement. 

"We have received several ships with cars to Norway in the last month and expect [steady supplies] to continue in the coming months," Berg said, emphasizing that while there is "great interest" in the Mach-E in other European countries, Ford is prioritizing deliveries to Norway for now. 

John Rosevear owns shares of Ford. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Ford Motor Company Stock Quote
Ford Motor Company
$16.65 (2.02%) $0.33
Toyota Motor Corporation Stock Quote
Toyota Motor Corporation
$159.80 (-0.41%) $0.66
Tesla, Inc. Stock Quote
Tesla, Inc.
$929.93 (0.21%) $1.97
Volkswagen Aktiengesellschaft Stock Quote
Volkswagen Aktiengesellschaft
$20.45 (1.59%) $0.32

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/16/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.