Ford’s Fathom pickup couldn’t come soon enough as EV sales drop 80% in Q3

Ford Fathom EV pickup prototype (Source: Jim Farley) The Ford Fathom is set to go on sale in early 2027, starting at about $30,000. Meanwhile, Ford’s US EV sales dropped 80% in the third quarter. Ford’s EV sales fall 80% as Fathom launch nears As Ford prepares to introduce its next-generation electric pickup next year, sales of its current EVs continued a downward spiral in the third quarter. Ford reported total Q3 sales in the US fell by 6.6%, with just under 510,000 vehicles sold. Total electrified vehicle sales, including EVs and hybrids, were down 41.3% to 50,355 units. Ford’s EV sales dropped 80%, with just 6,047 electric models sold in the third quarter. The fallout comes as Ford phases out the current F-150 Lightning. Ford sold just 289 F-150 Lightnings in the third quarter, down 97% from Q3 2025. The Trump Administration also ended the federal $7,500 tax credit last September, which led to a rush of buyers ahead of the deadline. Ford moved just 5,574 Mustang Mach-Es during the quarter, 72.4% fewer than the more than 20,000 it sold in Q3 2025. Sales of the electric E-Transit van fell 57%, with only 184 sold in Q3. Ford Mustang-Mach-E (Source: Ford) The Fathom will go on sale in early 2027 as the first vehicle based on Ford’s “groundbreaking” Universal Electric Vehicle (UEV) platform. Ford said the Fathom will start at $28,350 for the standard-range model. Including the $1,595 delivery fee, it will still start at under $30,000. Ford Fathom EV pickup prototype (Source: Jim Farley) The first prototypes are set to roll off the production line at Ford’s 3-million-square-foot Louisville Assembly Plant (LAP) in 2027. Ford CEO Jim Farley said at the 2026 Automotive News Congress this week that “It’s going to be a heck of an effort to launch this at scale, at cost, on time.” Covered Ford Fathom vehicle (Source: Ford) A company spokesperson confirmed with Electrek this week that the Fathom is still set to launch in 2027 despite the comments. According to a recent Wall Street Journal report, Ford aims to sell 100,000 Fathoms in its first year. If it does, the Fathom would be among the top-selling EVs in the US, alongside the Tesla Model 3 and Model Y. Meanwhile, Ford extended its Power Promise program for the Mustang Mach-E. Buyers of a new 2026 Mustang Mach-E are eligible for a free home charge with standard installation or a $1,500 cash bonus. FTC: We use income earning auto affiliate links. More.