The increase from the same period last year comes as competition grows among automakers producing electric vehicles in the United States.
The new climate, tax and health law signed by President Biden extends a credit for electric vehicle buyers. But there are new strings attached that kick in at different times.
Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles.
The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
The automaker reported an 11 percent jump in revenue for the first three months of the year compared with a year earlier.
Deliveries of the F-150 Lightning, Ford’s most important new vehicle in many years, will begin in the coming week, it said.
The boutique British carmaker, known for lightweight sports cars more than supermarket runs, is planning to expand production substantially as it goes fully electric.
Ford’s chief executive is about to introduce an electric F-150 pickup truck that could determine whether the automaker can survive and thrive in an industry dominated by Tesla.
For now, supply may be constrained, but Hyundai is putting a big bet on building electrics for the American market.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.