This morning, Ford announced a significant reorganization that will separate its EV and ICE vehicle businesses into two distinct entities – Model e and Ford Blue. As part of that announcement, the automaker also revealed that it plans to produce two million all-electric vehicles annually by 2026, which it anticipates will account for around a third of the total global EV production by that date. This goal also builds upon Ford’s previously announced plan to double EV production to 600,000 units per year by 2024.
Ford continues to move the needle in terms of its electrified vehicle plans as it invests heavily in the production of those vehicles, as well as the batteries that will power them. The automaker previously announced that its future EVs will consist of its more iconic models, as well as commercial vehicles, but that portfolio is growing rapidly.
Higher-than-expected demand for the automaker’s first mass-produced EV, the Ford Mustang Mach-E, has thus far exceeded FoMoCo’s production capacity, which prompted it to recently announce that it will double that model’s annual production at the Ford Cuautitlan Assembly Plant to 200,000 units by 2023. Reaching that goal meant that it also had to push back the launch of the forthcoming all-electric Ford Explorer and Lincoln Aviator to 2024 – which were originally slated to be produced alongside the Mach-E in Mexico, however.
Meanwhile, FoMoCo will also roughly double its planned Ford F-150 Lightning production at the Ford Rouge Electric Vehicle Center to around 150,000 units per year by mid-2023 and is also exploring ways to expand E-Transit production. These models will soon be joined by a Ford Focus EV, as Ford Authority recently reported, as well as a Ford Puma EV, with many more likely to follow in the coming years.