Ford CEO Jim Farley indicated on Thursday, in a series of tweets, that the automaker now expects to produce 600,000 electric vehicles a year globally by the end of 2023. That’s twice as much as the previous plan and enough to be considered the number two EV manufacturer in the US at the time — if other automakers stick to their current plans, it’s .
The goal would allow Ford to get ahead of GM, which is aiming for 1 million annual EV sales globally by 2025 and 30 new EVs by that time, but with more mass vehicles coming to the fore. does not appear until 2024 and 2025.
And, Farley insisted, that was before several other sites came online.
We aim to become the 2nd largest electric vehicle manufacturer within the next few years.
Then, as the massive investments we were making in electric vehicle and battery production came on and we rapidly expanded our electric vehicle product line, our ambition was to @Ford to become the largest electric vehicle manufacturer in the world.
– Jim Farley (@ jimfarley98) November 18, 2021
One of those facilities is Blue oval city The Tennessee complex announced in September that it will build electric trucks in the future. Ford is also planning to create a Electric vehicle volume division for Europe start in 2023 and commit produces five electric vehicles at a factory in Canada starting in 2025.
Electric Ford Bronco sketch from Ford Capital Markets Day presentation via Mike Levine on Twitter
The company also confirmed in May that it was working on two dedicated EV platforms – one for pickup trucks and full-size SUVs, the other for cars and smaller SUVs – to launch. in 2025. The next wave of EVs will bring an electric Explorer, as well as perhaps an electric Bronco.
In the 2022-2023 timeframe Farley mentioned, Ford has at least two new production limited electric models in addition to its Mustang Mach-E. NS F-150 Lightning joined the squad around May 2022; and Electronic vans It is expected to arrive with first deliveries in the US by the end of 2021. And Ford’s luxury brand Lincoln has announced that it will launch an “impressively modern” vehicle. first electric battery model in 2022.
2022 Ford F-150 Lightning pre-production
Ford hasn’t provided an update for a while on “future alternative vehicles.” based on Rivian’s skateboard platform,” as Lincoln said in April 2020, after the original SUV project with the brand was cancelled. So that might include some mass.
GM in October said it aims to be the leader in electric vehicle sales in the US, though a timeframe for that was not specified. If Ford continues to hit this production target, it will effectively overtake GM. It has turned up the heat over its traditional Detroit rival with three US battery plants slated to begin in 2025, eventually capable of supplying more than a million vehicles a year. Add Europe and other markets, and we might be looking at some healthy volume competition done by the US — against Tesla, GM, VW, Nissan and perhaps many more.
