TheVerge reports, Automaker Ford says it will transition to EV-production gradually over the next decade. By 2024, the company’s entire commercial vehicle lineup will be “zero-emissions capable, all-electric or plug-in hybrid.”
By mid-2026, Ford says “100 percent” of its passenger vehicle lineup will be the same. And by 2030, Ford expects two-thirds of its commercial vehicle sales to be all-electric or plug-in hybrid, while all of its passenger vehicles sold will be pure battery-electric.
FORD SAID IT WILL INCREASE ITS INVESTMENT IN ELECTRIC AND AUTONOMOUS VEHICLES TO $29 BILLION“
The news comes on the heels of Ford announcing that it would increase its investment in electric and autonomous vehicles to $29 billion. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022. Now, it will spend double that amount, while extending the timeline to 2025.