Ford raises EV spending, expects 40% of global vehicle volume to be all-electric by 2030
The Hindu
Ford’s growing EV line-up includes Mustang Mach-E, the recently unveiled F-150 Lightning pickup truck, and the all-electric Ford Transit, which is set to go on sale late this year.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) 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 automaker’s boost in electric vehicle (EV) spending, which includes battery development, comes at a time when EVs, advanced connectivity and battery technologies are transforming the automobile industry.
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