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2021-05-26

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

DETROIT, May 26 (Reuters) - Ford Motor Co on Wednesday outlined plans to boost spending on its el

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

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It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.</p><p>\"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.</p><p>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. 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