Photo: Ford
The Ford Motor Company ended 2020 on a high note despite the health crisis, and going forward, the Blue Oval will implement a very ambitious turnaround plan. As the headline implies, the Dearborn-based automaker will spend $29 billion on electric vehicles as well as autonomous vehicles.
$7 billion will be poured into autonomous driving technologies and the remainder will go toward an electrification spree through 2025. That’s almost twice the amount the company had previously committed to EVs, which should give you a pretty clear idea about which rivals are targeted.
Tesla and General Motors are the culprits, but they’re not alone. Fiat Chrysler has announced the all-electric Ram truck during the 2020 third-quarter earnings call, and startups like Rivian are preparing for series production. The question is, what sort of electric vehicles will Ford bring to market?
The press release attached at the end of this write-up mentions “the Lincoln luxury brand and the Transit commercial lineup.” The Mustang Mach-E, which is available to order from $44,995 in the United States for the entry-level Select trim, will be joined by the E-Transit in late 2021 and the all-electric F-150 pickup truck in the middle of 2022 for the 2023 model year.
Ford has also confirmed electric SUV production for two Canadian plants. The Oakville factory where the Edge and Nautilus are made will reportedly get five EVs from 2024 to 2028 according to Unifor president Jerry Dias.
“We are accelerating all our plans – breaking constraints, increasing battery capacity, improving costs, and getting more electric vehicles into our product cycle plan,” said Ford Motor Company chief executive officer Jim Farley. “People are responding to what Ford is doing today, not someday.”
Speaking of what the Blue Oval is doing today, the only electric vehicle in the lineup for the 2021 model year is the Mustang Mach-E. Produced in Cuautitlán, Mexico for the U.S. market, the electric crossover with Escape underpinnings will also be made in China for the Chinese market.
Tesla and General Motors are the culprits, but they’re not alone. Fiat Chrysler has announced the all-electric Ram truck during the 2020 third-quarter earnings call, and startups like Rivian are preparing for series production. The question is, what sort of electric vehicles will Ford bring to market?
The press release attached at the end of this write-up mentions “the Lincoln luxury brand and the Transit commercial lineup.” The Mustang Mach-E, which is available to order from $44,995 in the United States for the entry-level Select trim, will be joined by the E-Transit in late 2021 and the all-electric F-150 pickup truck in the middle of 2022 for the 2023 model year.
Ford has also confirmed electric SUV production for two Canadian plants. The Oakville factory where the Edge and Nautilus are made will reportedly get five EVs from 2024 to 2028 according to Unifor president Jerry Dias.
“We are accelerating all our plans – breaking constraints, increasing battery capacity, improving costs, and getting more electric vehicles into our product cycle plan,” said Ford Motor Company chief executive officer Jim Farley. “People are responding to what Ford is doing today, not someday.”
Speaking of what the Blue Oval is doing today, the only electric vehicle in the lineup for the 2021 model year is the Mustang Mach-E. Produced in Cuautitlán, Mexico for the U.S. market, the electric crossover with Escape underpinnings will also be made in China for the Chinese market.
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