Re: The Shining City Upon a Hill
Ford expects 40% of global sales to be electric vehicles by 2030
By Chris Isidore, CNN Business
Updated 1:34 PM EDT, Wed May 26, 2021
New York(CNN Business)Ford is doubling down on electric vehicle development, announcing Wednesday it will invest $30 billion in electrification efforts by 2025. The automaker also pledged that 40% of its vehicles sold by 2030 will be electric.
Ford had previously announced plans to spend $22 billion on electrification efforts and had recently revealed plans to build two new battery factories in a joint venture with Korean battery maker SK innovation.
Last week, Ford also unveiled an all-electric version of the F-150 pickup, the best selling vehicle from any US automaker. The electric F-150 Lightning is due in showrooms in 2022. Ford said Wednesday that it received 70,000 customer reservations for the electric truck since it was unveiled a week ago. Ford has already started selling an electric SUV under its iconic Mustang name, the Mustang Mach-E
Ford expects 40% of global sales to be electric vehicles by 2030
By Chris Isidore, CNN Business
Updated 1:34 PM EDT, Wed May 26, 2021
New York(CNN Business)Ford is doubling down on electric vehicle development, announcing Wednesday it will invest $30 billion in electrification efforts by 2025. The automaker also pledged that 40% of its vehicles sold by 2030 will be electric.
Ford had previously announced plans to spend $22 billion on electrification efforts and had recently revealed plans to build two new battery factories in a joint venture with Korean battery maker SK innovation.
Last week, Ford also unveiled an all-electric version of the F-150 pickup, the best selling vehicle from any US automaker. The electric F-150 Lightning is due in showrooms in 2022. Ford said Wednesday that it received 70,000 customer reservations for the electric truck since it was unveiled a week ago. Ford has already started selling an electric SUV under its iconic Mustang name, the Mustang Mach-E
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