Ford Announces $30 Billion Investment in Electric Cars by 2025

Written by Roberta Souza

Published on 30/05/2021 at 16:47

Carros elétricos da Ford/ Fonte: CNBC

Seja o primeiro a reagir!

In Addition to Announced Investments, Multinational Ford Expects 40% of Global Sales to Be Electric Cars by 2030

Ford announced last Wednesday that it will invest US$ 30 billion in electric cars by 2025. The automaker also promised that 40% of its cars sold by 2030 will be electric. Ford had previously announced plans to spend US$ 22 billion on electrification efforts and recently revealed plans to build two new battery factories in a joint venture with Korean battery manufacturer SK Innovation. See also: Korean Multinational Automaker Hyundai Announces Reduction in Combustion Vehicle Manufacturing, Focusing on Electric Cars

Ford’s Plans for Electric Cars

Ford stated that it is committed to capturing and surpassing its rivals as the industry adapts to electric cars. Jim Farley, Ford’s CEO, says the company’s ambition is to lead the electric revolution. The CEO was questioned about GM’s goal to be fully electric by 2035, and whether Ford has a similar target date, to which Farley seemed a bit dismissive of his rival’s promise, which GM’s CEO, Mary Barra, described as an “aspiration” for the company.

Jim further emphasized that Ford will be able to capture a market share equal to or better as it shifts to electric cars. So far, 70% of Mustang Mach-E buyers have come from other automakers to Ford, according to Lisa Drake, head of operations of Ford’s North American unit.

ARTICLE CONTINUES BELOW

Electric Cars from American Multinational Ford

Last week, Ford also unveiled an all-electric version of the F-150 pickup, the best-selling vehicle of any automaker in the United States. The F-150 Lightning electric is expected to hit showrooms in 2022, and the company has already received 70,000 customer reservations for the electric truck since it was revealed a week ago. The multinational has already begun selling an electric SUV with the iconic name Mustang, the Mustang Mach-E.

However, Ford is still trying to catch up with electric vehicle manufacturer Tesla and also traditional automakers, such as its alliance partner Volkswagen and domestic rival General Motors. Both have more extensive electric vehicle offerings and more aggressive electrification targets. GM claims it intends to sell only electric vehicles by 2035.

Ford Announces $30 Billion Investment in Electric Cars by 2025

In Addition to Announced Investments, Multinational Ford Expects 40% of Global Sales to Be Electric Cars by 2030

Ford’s Plans for Electric Cars

Electric Cars from American Multinational Ford

See Also: Ford Announces Electric Car Sales Target by 2030; New Electric Vehicles Will Be Made

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Hong Kong leads the ranking of the most expensive fuel in the world and is suffering from a global crisis.

A 183-million-year-old fossil shines like gold inside black rock in Germany, but a microscope revealed that the golden shine is not pyrite as everyone believed for decades: it is phosphate, and the difference changes everything.

Toyota is preparing the new 2028 Corolla Cross with 7 seats, an extended wheelbase of +15 cm, up to 4.65 m in length, hybrid with 100 km in electric mode, more efficient 1.5 and 2.0 turbo engines, and Safety Sensing 4.0 technology with AI and remote updates.

Giant refrigerator arrives in Ceará with a new factory to slaughter 1,000 cattle per day and promises to shake up the livestock industry in the state.

Only 25% believe in Brazil’s title at the 2026 World Cup, the lowest level of optimism in the historical series and a sign of a crisis in national confidence.

Ford Announces $30 Billion Investment in Electric Cars by 2025

In Addition to Announced Investments, Multinational Ford Expects 40% of Global Sales to Be Electric Cars by 2030

Ford’s Plans for Electric Cars

Electric Cars from American Multinational Ford

See Also: Ford Announces Electric Car Sales Target by 2030; New Electric Vehicles Will Be Made

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Hong Kong leads the ranking of the most expensive fuel in the world and is suffering from a global crisis.

Giant refrigerator arrives in Ceará with a new factory to slaughter 1,000 cattle per day and promises to shake up the livestock industry in the state.

The delivery person made the first route on Shopee with 114 packages and 63 stops over 23 km: they traveled a short distance but took 7 hours to deliver everything and still don’t know for sure how much they will receive.

Supermarkets can no longer find employees and the solution is to end the 6×1 shift: the chain adopts a 5×2 shift, opens 140 positions with 44-hour workweeks, 2 days off, complete benefits, and a voucher of up to R$ 500 in SC.

Tourist mistakenly sends R$ 30,000 via PIX to see the largest cashew tree in the world in Brazil, an amount a thousand times greater than the ticket price, and faces a deadlock without a CPF for a refund.

Hong Kong leads the ranking of the most expensive fuel in the world and is suffering from a global crisis.

A 183-million-year-old fossil shines like gold inside black rock in Germany, but a microscope revealed that the golden shine is not pyrite as everyone believed for decades: it is phosphate, and the difference changes everything.

Toyota is preparing the new 2028 Corolla Cross with 7 seats, an extended wheelbase of +15 cm, up to 4.65 m in length, hybrid with 100 km in electric mode, more efficient 1.5 and 2.0 turbo engines, and Safety Sensing 4.0 technology with AI and remote updates.

Giant refrigerator arrives in Ceará with a new factory to slaughter 1,000 cattle per day and promises to shake up the livestock industry in the state.

Only 25% believe in Brazil’s title at the 2026 World Cup, the lowest level of optimism in the historical series and a sign of a crisis in national confidence.