Ford boosts EV spending, aims to have 40% of volume all-electric by 2030

Reuters2021-05-26

DETROIT, May 26 (Reuters) - Ford Motor Co on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to step up its push on EVs.

Under a plan dubbed "Ford+," the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.

"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T," Ford Chief Executive Jim Farley said in a statement.

Ford and other global automakers are racing to shift their gasoline-powered lineups to all electric power under pressure from regions like Europe and China to cut vehicle emissions. Ford rival General Motors Co has said it aspires to halt U.S. sales of gasoline-powered passenger vehicles by 2035.

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Comments

lilyplant
2021-05-26
lilyplant
Pls like and comment. Thx
YIPKF
2021-05-26
YIPKF
Yes all up up
- YIPKF:
  [抱拳] [OK]
- jaswsf:
  Pray hard
Huitai
2021-05-26
Huitai
By the time is too late to catch Tesla sale
ZEROHERO
2021-05-26
ZEROHERO
Better late than never. Buy TSLA first ?
- YIPKF:
  Yes go
EKTech
2021-05-26
EKTech
Wow
alvintay89
2021-05-26
alvintay89
Like
- Gamestonk11:
  like and comment back pleas

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Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132008965","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136496314,"gmtCreate":1622034139438,"gmtModify":1704178194393,"author":{"id":"3579748162894863","authorId":"3579748162894863","name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yes all up up","listText":"Yes all up up","text":"Yes all up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/136496314","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457834,"gmtCreate":1622034737281,"gmtModify":1680791118011,"authorId":3579748162894863,"author":{"id":3579748162894863,"authorId":3579748162894863,"name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496314,"type":1,"supId":4457761,"prevId":0,"content":"[抱拳] [OK]","text":"[抱拳] [OK]","html":"[抱拳] [OK]"},{"id":4457761,"gmtCreate":1622034270057,"gmtModify":1680791114386,"authorId":3571893886885807,"author":{"id":3571893886885807,"authorId":3571893886885807,"name":"jaswsf","avatar":"https://static.tigerbbs.com/ed600b3aaba5cb409e893412ae0ee2a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496314,"type":1,"supId":0,"prevId":0,"content":"Pray <u>hard</u>","text":"Pray <u>hard</u>","html":"Pray <u>hard</u>"}],"langContent":"EN"},{"id":136493002,"gmtCreate":1622033932106,"gmtModify":1704178189833,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"By the time is too late to catch Tesla sale","listText":"By the time is too late to catch Tesla sale","text":"By the time is too late to catch Tesla sale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136493002","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136499333,"gmtCreate":1622033865422,"gmtModify":1704178188856,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":1},"htmlText":"Better late than never. Buy TSLA first ?","listText":"Better late than never. Buy TSLA first ?","text":"Better late than never. Buy TSLA first ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136499333","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457719,"gmtCreate":1622034052334,"gmtModify":1680791113780,"authorId":3579748162894863,"author":{"id":3579748162894863,"authorId":3579748162894863,"name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136499333,"type":1,"supId":0,"prevId":0,"content":"Yes <u>go</u>","text":"Yes <u>go</u>","html":"Yes <u>go</u>"}],"langContent":"EN"},{"id":136577465,"gmtCreate":1622033047857,"gmtModify":1704178173533,"author":{"id":"3579073238469991","authorId":"3579073238469991","name":"EKTech","avatar":"https://static.tigerbbs.com/c91a603376dcd44610c26d628fac5cd0","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136577465","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136547802,"gmtCreate":1622032358006,"gmtModify":1704178159253,"author":{"id":"3582280831287785","authorId":"3582280831287785","name":"alvintay89","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136547802","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457509,"gmtCreate":1622032528798,"gmtModify":1680791108691,"authorId":3574889239987561,"author":{"id":3574889239987561,"authorId":3574889239987561,"name":"Gamestonk11","avatar":"https://static.tigerbbs.com/57d87914fd79b0fd11508b722d7f4e19","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136547802,"type":1,"supId":0,"prevId":0,"content":"like and comment back pleas","text":"like and comment back pleas","html":"like and comment back pleas"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":30,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2138124311"}