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Ford EV Investment To Increase To From $22 Billion To $30 Billion By 2025

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Back in early February, Ford announced that it would be doubling its future investment in EVs from a planned $11.5 billion to $22 billion through 2025. This move was very much expected given the automaker’s accelerated plans to electrify its lineup and go all-electric in Europe by 2030. Now, just a few months later, the number associated with this Ford EV investment has risen once again.

Between now and 2025, the Ford EV investment has been increased once again to $30 billion, the automaker announced today during its Capital Markets Day virtual meeting with investors. It’s also an important component of its new Ford+ growth and value creation plan, which centers around customer service, connected services, and becoming a leader in the electric vehicle segment.

This investment will go toward battery development, creating flexible EV architectures, and modular technologies, all of which the automaker expects will help accelerate Ford’s transition to electric vehicles. FoMoCo expects 40 percent of its total global volume to consist of EVs by 2030, fueled by the early success of the Ford Mustang Mach-E, Ford F-150 Lighting (which has secured 70,000 reservations thus far), and the Ford E-Transit.

This investment will also fund the recently announced Ford Ion Park battery research and development center, as well as BlueOvalSK – a battery production joint venture with SK Innovation. Ford has made it no secret that it plans to design, engineer, and manufacture its own batteries in-house, a move that represents a sharp 180 from its position on the matter just a few months ago.

This money will also fund big investments in solid-state batteries, which are expected to deliver more range at a lower cost than existing lithium-ion batteries, and Ford already owns an equity stake in solid-state battery manufacturer Solid Power. Finally, the automaker will also be investing in IonBoost lithium-ion and IonBoost Pro lithium iron phosphate for commercial electric vehicles.

We’ll have more on Ford’s ever-increasing investment in EVs soon, so be sure and subscribe to Ford Authority for 24/7 Ford news coverage.

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Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Mark L Bedel

    With Ford and other manufacturers making moves to bring chip, battery and other essential components closer under roof, they may also want to consider recycling of battery packs as part of keeping essential rare earth minerals close.

    Wired magazine published a story recently about a couple of US and Canadian companies working on both chemical and mechanical methods for breaking down battery packs into reusable materials.

    Mining these materials as new from far away lands, particularly those with sketchy governments may be something to seriously consider, plus it would mitigate poorly disposing of these exhausted essentials.

    Reply
  2. GreggT

    Ford needs to worry about making the investment in cleaning up that mess they made with all those incomplete vehicles sitting around in those obscure parking lots before heading in a new direction!

    Reply
    1. Mike says..

      I think COVID made that mess for FORD….. good news is FORD did a 360 and is bringing a lot of the design and build back inhouse. Not sure it is a good business idea but understand they learned how vulnerable they can be to supply chain bumps. I suspect the business cycle will continue with production moving on and off shore over time. At least this administration seems to understand the importance of having global friends with shared ideals and goals…. nearly lost thanks to the last administration…. Politics aside, America must grow and evolve to flourish….our strength is our industry and people.

      Reply
      1. GreggT

        seems it was the last administration that pushed America First. It also fought to keep companies here in the US. One of the first things happened under the new administration was the movement of both Ford and GM to Mexico. All the current administration is doing is possibly helping 5-10 years down the road. That is unless the people getting the tax payer dollars don’t do like Intel and buy back stock

        Reply
        1. Mike says..

          Correct me if I am wrong but, you really do not seem to understand that trade needs two parties to flourish and benefit the US economy? The last administration had some good ideas but was a total disaster implementing anything beneficial with any of our traditional trading partners. Instead, we isolated our friends and embraced controversy to no good ends I am afraid to say. Republicans cannot say or do anything in the current GOP climate which is losing me for its lack of honesty, clarity and participation for the benefit of all Americans. Too many Americans are sticking their heads in the sand and should know better than they are showing. Our real enemies are playing divide and conquer and we will lose in the end. Just sayin…

          Reply
          1. GreggT

            You mean like NAFTA and CAFTA and other one sided trade deals that sucked the life out of Blue Collar America and destroyed many small communities? You mean where cheap goods flowed into the US and good jobs flowed out? I am an expert at that as I have lost three jobs to these “wonderful trade deals” before I finally went with one leaving my family behind.
            If these misguided corrupt trade deals have not affected you, your family, or community, I can see why you might feel as you do.

            Reply

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