Ford announces plans to invest $22 billion in electric vehicles and autonomous technology by 2025.
In a move that signals its commitment to the future of mobility, Ford has announced plans to invest a staggering $22 billion in electric vehicles and autonomous technology by 2025. The American automotive giant has set its sights on becoming a leader in the industry by shifting its focus towards eco-friendly vehicles that reduce carbon emissions.
The company's CEO, Jim Farley, announced the investment plan in a press release, stating that the funds would be directed towards research and development, as well as expanding production of electric vehicles. He added that Ford is "all in" on electric vehicles, and the company is committed to investing in new technologies to bring innovative and sustainable vehicles to market.
The new investment plan comes after Ford announced its intention to become carbon neutral by 2050, a goal that it aims to achieve by increasing its use of renewable energy, reducing waste, and investing in eco-friendly vehicles.
With this new investment, Ford aims to produce an electric version of all its passenger cars in Europe by 2026, and two-thirds of its commercial vehicles by 2030. The company also plans to launch its first all-electric Transit van in 2022 and has confirmed that it will invest $7 billion in the production of the next-generation F-150 electric truck.
In addition to electric vehicles, Ford is also investing in autonomous technology, which it believes will revolutionize the way people travel. The company aims to launch its first autonomous vehicle for commercial use in 2022, and it plans to expand its fleet of self-driving vehicles over the next few years.
The investment in autonomous technology will also include the development of new software and systems that will enable vehicles to communicate with one another, as well as with infrastructure, such as traffic signals and road signs.
The announcement of Ford's investment in electric vehicles and autonomous technology has been met with enthusiasm from industry experts and environmental advocates. With this new investment, Ford is taking a bold step towards creating a sustainable and eco-friendly future for the automotive industry.