Ford Decides to Double Production Plan for EVs

Ford announced this week a plan to double its electric vehicle production.

The company originally planned to build 300,000 units by 2023, but has ramped that number up to 600,000. Additionally, the company has secured a semiconductor contract with GlobalFoundries to support the manufacturing plan.

Chief Executive Jim Farley tweeted his excitement for the plan, which is to become the second-largest EV producer in the world “within the next couple years.” Farley expects the Mustang Mach-E, F-150 Lightning, and E-Transit van to lead the company’s sales of EVs. He also hinted that the company has plans for additional electric models.

While doubling production to 600,000 EVs is a strong commitment it represents just 10% of Ford’s current production. The company has said it hopes for EVs to make up 40% of sales by 2030.

The post Ford Decides to Double Production Plan for EVs appeared first on Tesla Motors Club.

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