Ford CEO says 2021 is pivotal for its EV plans

Ford CEO says 2021 is pivotal for its EV plans


Extra EVs for Ford, comin’ at you.


Ford

Ford has one new electrical automobile formally on sale within the Mustang Mach-E, however this 12 months, the automaker’s CEO stated we’ll study a complete lot extra about its future and the way EVs play an enormous a part of it. Jim Farley advised CNBC in an interview printed Thursday we’ll obtain the “total image” within the months to come back.

Most newsworthy is that this image, in Farley’s phrases, consists of some modifications in the way in which Ford allocates an $11.5 billion funding into “electrified” autos. Electrified can imply something from a mild-hybrid to a plug-in hybrid and purely electrical automobiles. The latter will obtain much more focus beneath Farley, who took management of the automaker final 12 months. The “combine” of autos, he stated, is “undoubtedly altering” to incorporate extra EVs. This 12 months occurs to be the one Ford needs to share a complete lot extra of them.

Past the confirmed F-150 EV and an electrical Transit van, we do not know what Ford has within the pipeline. A latest rumor, nevertheless, prompt the next-generation Mustang program is not occurring as deliberate because the automaker delays the automobile for a battery-electric makeover. That’d be an enormous transfer, however Ford declined to touch upon the information on the time.

We’ll have to attend and see, however outdoors future EV information, 2021 seems like a superb one for Ford because it prepares to launch the Bronco and the not too long ago revealed, next-generation F-150 Raptor.


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