Ford raises EV spending, expects 40% of global vehicle volume to be all-electric by 2030
3 years, 6 months ago

Ford raises EV spending, expects 40% of global vehicle volume to be all-electric by 2030

The Hindu  

Ford Motor Company has increased its planned total spending on electrification to more than $30 billion by 2025, and the firm expects 40% of its global vehicle volume to be fully electric by 2030, it said in a statement. The Michigan-based company is also creating Ford Pro, a global vehicle services and distribution business that is said to deliver new levels of productivity for business and government customers via work-ready products and services. “We’re creating a one-stop shop to help those customers increase uptime and productivity while reducing complexity and the total cost of ownership,” Ford CEO Jim Farley said in a statement. The new JV aims to produce approximately 60-gigawatt hours of battery cell capacity annually with the potential to expand, starting mid-decade as Ford expects annual energy demand for its vehicles to go up to 140 GWh in North America and up to 240 GWh globally by 2030. The automobile giant’s investments in battery technology are aimed at equipping it to design, engineer and manufacture its own batteries, which includes creating the $185 million new battery lab called ‘Ford Ion Park’ to develop, test and build lithium-ion and solid-state vehicle battery cells and arrays with a cross-functional team of 150 experts.

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History of this topic

EU automakers offer deals to boost EV sales
Trending News
6 days, 12 hours ago

EU automakers offer deals to boost EV sales

China Daily  

By EARLE GALE in London | chinadaily.com.cn | Updated: 2024-12-18 02:32 Europe's electric vehicle, or EV, makers are offering deals to try to boost sales and avoid 15 billion euros of fines that could be heading their way if they fail to meet new quotas set by the European Union. With the bloc insisting, as of Jan 1, 2025, that …

EU automakers offer deals to boost EV sales
Trending News
6 days, 12 hours ago

EU automakers offer deals to boost EV sales

China Daily  

Europe's electric vehicle, or EV, makers are offering deals to try to boost sales and avoid 15 billion euros of fines that could be heading their way if they fail to meet new quotas set by the European Union. With the bloc insisting, as of Jan 1, 2025, that at least 20 percent of cars sold by Europe's automakers are …

Why the hype for hybrid cars will not last
1 month ago

Why the hype for hybrid cars will not last

Live Mint  

The car industry’s effort to decarbonise revolves around replacing petrol with batteries. The big batteries required to run fully electric vehicles make them far more expensive than petrol cars. Plug-in hybrids, by contrast, run on much smaller batteries: they typically have a 20-kilowatt-hour unit, around a third of the size of those in BEVs. Although hybrids can typically travel only …

EU demand for electric cars continues to fall as sales collapse in France and Germany
3 months ago

EU demand for electric cars continues to fall as sales collapse in France and Germany

Daily Mail  

Demand for electric cars across Europe is 'on a continual downward trajectory' after a 'spectacular' collapse in sales in Germany and France. In the latest sign that the brakes have been slammed on the electric vehicle revolution, figures showed just 92,627 battery-only powered cars were registered in the European Union last month. Running flat: In the latest sign the EV …

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung
3 months, 3 weeks ago

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung

Live Mint  

Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indiana, near South Bend, but said production would not start until 2027. The project is GM’s fourth joint …

Ford to shift EV strategy to hybrid vehicles
4 months ago

Ford to shift EV strategy to hybrid vehicles

China Daily  

When it comes to selling electric vehicles, US automakers face not only consumer reluctance but rising competition from China in the international market. Ford Chief Executive Officer Jim Farley said that China's EV companies have the advantage of a lower-cost supply chain and that Ford needs to find ways to lower its own costs to compete. In China, retail sales …

Ford ditches new EV in major strategy shift amid slowing demand for electric cars
4 months ago

Ford ditches new EV in major strategy shift amid slowing demand for electric cars

Daily Mail  

Ford has abruptly cancelled plans to produce a three-row electric SUV, and has delayed building a new EV plant in Tennessee. The pullback marks a major shift for the car company, amid slowing demand for electric cars. Ford has bet big on electric vehicles but expects to make loses of $5.5 billion this year The now-delayed plant in Tennessee, which …

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van
4 months ago

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van

Associated Press  

DETROIT — Facing competition from automakers with lower costs, Ford Motor Co. is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company also says it won’t build fully electric three-row SUVs due to high battery costs, but instead will focus on making those vehicles as gas-electric …

Ford to shift electric vehicle strategy with lower-cost pickups and a commercial van
4 months ago

Ford to shift electric vehicle strategy with lower-cost pickups and a commercial van

LA Times  

Ford, which has long been talking about making profitable EVs, lost $2.46 billion on them in the first half of the year. Facing competition from automakers with lower costs, Ford Motor Co. is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company also says it won’t …

US automakers pump the brakes on EV plans
5 months ago

US automakers pump the brakes on EV plans

China Daily  

A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned …

US automakers pump the brakes on EV plans
5 months ago

US automakers pump the brakes on EV plans

China Daily  

A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows
8 months, 2 weeks ago

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows

The Hindu  

With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company said Thursday that a much ballyhooed new electric pickup to be built at a new factory in Tennessee will be …

Ford Motor delays launch of new EV to let market further develop
8 months, 2 weeks ago

Ford Motor delays launch of new EV to let market further develop

Live Mint  

Ford Motor said it is delaying the launch of a new three-row electric vehicle, which will buy time for the consumer market for EVs to further develop. Ford said it will still produce the EV at its Oakville Assembly Plant in Canada, which Ford is planning to overhaul from gas-vehicle production to an EV manufacturing plant. “We are committed to …

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows
8 months, 2 weeks ago

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows

Associated Press  

DETROIT — With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company said Thursday that a much ballyhooed new electric pickup to be built at a new factory in Tennessee …

Ford beats earnings expectations despite rising labor cost
10 months, 2 weeks ago

Ford beats earnings expectations despite rising labor cost

New Indian Express  

NEW YORK: US automaker Ford topped earnings expectations in the fourth quarter of 2023 and is forecasting higher profits this year despite greater labor costs and losses in its electric vehicle segment, according to a financial report released Tuesday. The company reported adjusted earnings per share of 29 cents for the fourth quarter, above analyst estimates, while revenue came in …

Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown
10 months, 2 weeks ago

Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown

The Hindu  

When Tony Le set out with his wife to buy a new car last year, he looked at Tesla and other all-electric models. Le is among the growing number of consumers accelerating hybrid vehicle sales, leaving long-time hybrid maker Toyota Motor in pole position to lap rivals who have been making a rapid transition towards full electrification and now grapple …

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why
10 months, 3 weeks ago

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why

Bloomberg  

With road transportation accounting for about 15% of greenhouse gas emissions, transitioning to cleaner vehicles is a linchpin in national efforts to meet climate-change mitigation targets. Governments have encouraged a transition to electric vehicles with massive subsidies, and legacy carmakers are changing their offerings in a slow farewell to the combustion-engine era. According to BloombergNEF, sales of all-electric vehicles plus …

Biden's EV dream falls flat: Ford slashes production of its F-150 Lightning electric truck citing weaker-than-expected demand for EVs
11 months ago

Biden's EV dream falls flat: Ford slashes production of its F-150 Lightning electric truck citing weaker-than-expected demand for EVs

Daily Mail  

Automakers are grappling with limited demand for EVs from consumers Ford is slashing production of its F-150 Lightning electric truck as it cited weaker-than-expected demand for EVs. Ford is slashing production of its F-150 Lightning electric truck as it cited weaker-than-expected demand for EVs The manufacturer said in a statement: 'Ford expects continued growth in global EV sales in 2024, …

Australia struggles to ditch SUV habit even as EV sales hit a record
11 months, 2 weeks ago

Australia struggles to ditch SUV habit even as EV sales hit a record

The Hindu  

Electric vehicle sales in Australia hit an all-time high in 2023, according to the country’s automotive association, however, light vehicle sales remained dominated by emissions-intensive trucks and sports utility vehicles. Battery-electric vehicles were 7.2% of all vehicles sold last year, more than double the 3.1% recorded in 2022, according to data from the Federal Chamber of Automotive Industries on Thursday. …

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth
1 year ago

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth
1 year ago

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth

Associated Press  

Despite new electric vehicle market share and sales hitting a record in the U.S. this year, EV growth is starting to slow and fall short of the auto industry’s lofty ambitions to transition away from combustion engines. Although there is interest in EVs, Richard Bazzy, who owns three Ford dealerships in suburban Pittsburgh, said many customers tell his sales staff …

Ford to resume building Michigan electric vehicle battery plant delayed by strike, but scale it back
1 year, 1 month ago

Ford to resume building Michigan electric vehicle battery plant delayed by strike, but scale it back

Associated Press  

DETROIT — Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union. But the automaker said that due to slowing electric vehicle sales growth, it will scale back the factory’s size, cutting the number of planned jobs by about one third …

Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread
1 year, 2 months ago

Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread

The Hindu  

Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand. Tesla CEO Elon Musk said he was worried that higher borrowing costs would prevent potential customers from affording its vehicles despite substantial price cuts, and that he would wait for clarity on …

Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains
1 year, 4 months ago

Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains

Associated Press  

DETROIT — Ford Motor Co.'s second-quarter profit more than tripled to $1.92 billion versus a year ago on strong internal combustion and commercial vehicle sales, but losses grew along with growing pains in the electric vehicle business. Sales in the U.S., Ford’s most lucrative market, rose 10% last quarter, But Ford backed away from ambitious milestones for building electric vehicles …

New electric vehicle charging network being built by major automakers could lure more buyers to EVs
1 year, 4 months ago

New electric vehicle charging network being built by major automakers could lure more buyers to EVs

Associated Press  

DETROIT — The announcement Wednesday that seven major automakers are joining to build a large North American electric vehicle charging network should pull people off the sidelines to at least consider shifting away from gas-powered vehicles. The automakers said in a joint statement Wednesday that they want to build the “leading network” of reliable high-powered charging stations in North America. …

Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles
1 year, 5 months ago

Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles

Associated Press  

DEARBORN, Mich. — Ford Motor Co. is going through another round of white-collar job cuts as the company continues to reduce costs amid a transition to electric vehicles. The company has reorganized itself into three business units, Ford Model e for electric vehicles, Ford Blue for vehicles with combustion engines and Ford Pro for commercial vehicles. Ford’s electric vehicle business …

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky
1 year, 6 months ago

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky

Associated Press  

FRANKFORT, Ky. — Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. Susan Elkington, president of Toyota Motor Manufacturing Kentucky, said the new vehicle reflects the company’s “journey toward an electrified future.” Toyota will tap into a “growing market segment” with its new three-row SUV, Elkington said. She …

Toyota Accelerates EV Revamp With Extra $7 Billion Investment
1 year, 7 months ago

Toyota Accelerates EV Revamp With Extra $7 Billion Investment

Live Mint  

TOKYO—Toyota’s new management, looking to make up lost ground in electric vehicles, said it would add billions of dollars in spending to reach EV targets. Toyota said Wednesday it would invest an additional ¥1 trillion, equivalent to $7.4 billion, in EVs through 2030, bringing Toyota’s total planned outlays for the period to around $37 billion. The automaker estimates it will …

Ford says EV unit losing billions, should be seen as startup
1 year, 9 months ago

Ford says EV unit losing billions, should be seen as startup

Associated Press  

DETROIT — Ford Motor Co.'s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. Company officials said the electric vehicle unit, called “Ford Model e,” will be profitable before taxes by late 2026 with an 8% pretax profit …

Ford to lose $3bn making electric cars
1 year, 9 months ago

Ford to lose $3bn making electric cars

The Telegraph  

Ford expects its electric car business to lose $3bn this year as it ratchets up spending on new models and the factories to build them. It comes as car makers are under growing pressure to produce electric models of their vehicles as part of a global push towards net zero emissions targets. Ford said that plans to build four new …

Stellantis earnings rise as EV push drives higher sales
1 year, 10 months ago

Stellantis earnings rise as EV push drives higher sales

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Automaker Stellantis on Wednesday reported …

Ford is investing $3.5 billion in EV battery plant with Chinese firm: Report
1 year, 10 months ago

Ford is investing $3.5 billion in EV battery plant with Chinese firm: Report

Hindustan Times  

Ford Motor Co. is investing $3.5 billion in an electric-vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy. “Ford has control — control over the manufacturing, control over the production, control over the workforce,” Lisa Drake, Ford’s vice president of EV industrialization, said in a …

Ford to build $3.5B electric vehicle battery plant in Mich.
1 year, 10 months ago

Ford to build $3.5B electric vehicle battery plant in Mich.

Associated Press  

DETROIT — Ford Motor Co. plans to build a $3.5 billion factory in Michigan that would employ at least 2,500 people to make lower-cost batteries for a variety of new and existing electric vehicles. “The whole intent here is to make EVs more affordable and accessible to customers,” said Marin Gjaja, chief marketing officer for Ford’s electric vehicles. Last summer, …

It’s Ford now! Automaker to cut 3,200 EU jobs, union says, vowing to fight
1 year, 11 months ago

It’s Ford now! Automaker to cut 3,200 EU jobs, union says, vowing to fight

Live Mint  

Ford Motor Co plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead. Workers at the U.S. carmaker's Cologne site, which employs about 14,000 people - including 3,800 at …

Why 2023 will be the year of the electric SUV
1 year, 11 months ago

Why 2023 will be the year of the electric SUV

Live Mint  

In the evolution of the electric vehicle, 2022 will be remembered for its megafauna: Massive electric trucks finally roamed the land, with equally outsized prices. The $100,000+ market isn’t slowing down Plenty of swankier SUVs are in the offing in 2023, including a version of GMC’s Hummer EV, with a price tag squarely in six-figure territory; the first electric Lexus, …

Competitors chip away at Tesla’s US electric vehicle share
2 years ago

Competitors chip away at Tesla’s US electric vehicle share

Associated Press  

DETROIT — New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collected by S&P Global Mobility show that Tesla still controlled about 65% of the growing electric vehicle market during the first nine months of this year. “Given that consumer choice …

Battery makers’ earnings look more resilient than EV makers’
2 years, 3 months ago

Battery makers’ earnings look more resilient than EV makers’

Live Mint  

Battery makers’ earnings may be more resilient than those of electric-vehicle manufacturers amid elevated commodity prices, given that the latter face stiffer competition and are more sensitive to economic slowdown, says Marco Giubin, Manulife Investment Management senior portfolio manager for equities. Among EV makers which have recently reported second-quarter results, XPeng Inc.’s vehicle margin fell to 9.1% from 10.4% in …

Ford cuts 3,000 jobs in North America and India to accelerate transition to EVs
2 years, 4 months ago

Ford cuts 3,000 jobs in North America and India to accelerate transition to EVs

Hindustan Times  

The US automaker has announced it is shedding 3,000 jobs in North America and India to cut costs and simplify processes. File photo of Ford Motor logo About 3,000 white-collar workers at Ford Motor Co., mainly in North America and India, will lose their jobs as the company cuts costs to accelerate its transition to electric vehicles. Executive Chairman Bill …

EV Battery Pack Shipments to Reach 30 Million in 5 years
2 years, 4 months ago

EV Battery Pack Shipments to Reach 30 Million in 5 years

News 18  

The shipments of electric vehicle battery packs are likely to reach 30 million in 2027, from 10 million in 2022, a report showed on Monday. The around 200 percent growth will be strongest within the commercial segment, with commercial electric vehicle battery pack shipments growing from 1.4 million in 2022 to over 7 million by 2027, according to Juniper Research. …

The Inescapable Reasons Electric Cars Are Getting More Expensive
2 years, 6 months ago

The Inescapable Reasons Electric Cars Are Getting More Expensive

Slate  

It might appear to be an excellent time to buy an electric vehicle. Sure enough: Consumer interest in electric vehicles has jumped over the past few months, even amid the broader inflation afflicting the economy in general and car prices in particular. There aren’t enough electric cars, owning them is suddenly more of a hassle than it used to be, …

Sufficient Nickel, Lithium for 14 Million Electric Vehicles in 2023
2 years, 7 months ago

Sufficient Nickel, Lithium for 14 Million Electric Vehicles in 2023

News 18  

Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles globally in 2023, so Europe should secure more raw materials to shift away from oil faster, campaign group Transport and Environment said. In a study based on BloombergNEF data on global maximum volumes of EV battery-grade nickel and lithium, T&E said that in 2025 …

Automakers Chasing Tesla to Become EV Primes Are Rethinking Dependence on Suppliers
2 years, 8 months ago

Automakers Chasing Tesla to Become EV Primes Are Rethinking Dependence on Suppliers

News 18  

Automakers racing to develop battery-powered, software-driven vehicles to compete with Tesla Inc are confronting a new challenge: what technology to build themselves, and what to keep buying from suppliers. “Major players have realized electric vehicles are the future, but they have yet to widely recognize that they have to up their game in terms of motors, transmissions, battery technologies, inverters …

GM’s $7 billion investment intensifies EV battle with Ford, Tesla
2 years, 10 months ago

GM’s $7 billion investment intensifies EV battle with Ford, Tesla

Live Mint  

General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with Detroit rival Ford Motor Co for EV supremacy in North America. GM said its Detroit-Hamtramck and Orion Township plants will be able to build more than 600,000 electric trucks a year by …

US automakers pledge huge increase in electric vehicles
3 years, 4 months ago

US automakers pledge huge increase in electric vehicles

Associated Press  

WASHINGTON — Declaring the U.S. must “move fast” to win the world’s carmaking future, President Joe Biden on Thursday announced a commitment from the auto industry to produce electric vehicles for as much as half of U.S. sales by the end of the decade. Pointing to electric vehicles parked on the White House South Lawn, the president declared them a …

GM, Ford outdo each other with electric vehicle investments
3 years, 6 months ago

GM, Ford outdo each other with electric vehicle investments

Associated Press  

DETROIT — General Motors will raise spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology. The announcements Wednesday came as crosstown rival Ford said its entire Lincoln luxury brand lineup would be electric or gas-electric hybrid by 2030, including four fully electric vehicles. …

Toyota says it’s too early to focus on electric cars only
3 years, 6 months ago

Toyota says it’s too early to focus on electric cars only

Live Mint  

Toyota Motor Corp.’s lineup over the next 30 years will contain a myriad of options beyond just electric vehicles, executives at an annual shareholder meeting said Wednesday. “It’s too early to concentrate on one option,” said director Shigeki Terashi, responding to an investor’s question about why the world’s biggest carmaker is taking a different electrification route than Honda Motor Co. …

Ford Reveals EV Investment Plans Till 2030, Says 40 Percent Sales To Come from Electric Vehicles
3 years, 6 months ago

Ford Reveals EV Investment Plans Till 2030, Says 40 Percent Sales To Come from Electric Vehicles

News 18  

Ford said on Wednesday it is ramping up investment in zero-emission cars and by 2030 expects 40 percent of its vehicle volume to be comprised of fully electric vehicles. The company last week unveiled an all-electric version of its bestselling F-150 truck in an eco-friendly reinvention of a flagship American car brand, and said it has received 70,000 reservations from …

Ford to manufacture batteries for its future electric vehicles
3 years, 7 months ago

Ford to manufacture batteries for its future electric vehicles

India Today  

Ford and SK Innovation announced today they have signed an MoU to create a joint venture, to be called BlueOvalSK, to produce approximately 60GWh annually in traction battery cells and array modules, starting mid-decade, with the potential to expand. SK Innovation plans to become one of the world’s top three EV battery suppliers by 2025 with over 125GWh in global …

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