Ford Motor Co. expects to grow to be the No. 2 producer of electrical autos by the tip of 2023, behind solely Tesla Inc., on the power of a lineup that features the Mustang Mach-E and F-150 Lightning.
The automaker technically holds that title for 2021; it squeaked by General Motors for second place after the Chevrolet model halted Bolt EV manufacturing for months due to a recall. By 2023, Ford plans to provide 600,000 EVs a yr globally.
It not too long ago introduced manufacturing will increase for the Lightning and Mach-E to fulfill these objectives.
Once Ford hits that milestone, firm executives say they plan to problem Tesla for the highest spot.
“I’m saying No. 2 in the next two years,” CEO Jim Farley advised Automotive News in November. “Imagine what we can do after that.”
Ford’s Blue Oval City manufacturing advanced, which features a battery and meeting plant in western Tennessee, is predicted to return on-line in 2025.
The firm has mentioned it expects to construct 2 million EVs globally by 2026. Its future EVs embody an F-Series truck to be in-built Tennessee that Farley has mentioned won’t be only a next-generation Lightning. Ford plans to start out making a business EV at its Ohio Assembly Plant by mid-decade and likewise is predicted to introduce Explorer and Lincoln Aviator-sized electrical utility autos.
Overall, Ford expects 40 to 50 % of its international quantity to be totally electrical by 2030.