Ford focuses on fully electric vehicles
NEW YORK: Ford once more is ramping up investment in zero-emission cars and expects 40 percent of volume by 2030 to be comprised of fully electric vehicles, the corporate announced Wednesday. The US automaker said it’ll increase investment in electric vehicles, components, and infrastructure to quite $30 billion by 2025, boosting. The quantity from the $22 billion targets set in February. 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. He said it’s received 70,000 reservations from customers in only one week. “This is our biggest opportunity for growth and value creation since Ford began to scale the Model T. We´re grabbing it with both hands,” Ford CEO Jim Farley said during a statement. Farley and other executives presented the plans during a virtual meeting with financial analysts and other stakeholders. Besides the battery-powered F-150, called the Lightning, Ford has begun sell