Ford Reportedly To Spend As Much As $20 Billion To Accelerate Electric Car Shift

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Ford Reportedly To Spend As Much As $20 Billion To Accelerate Electric Car Shift
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  • 📰 Forbes
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The car manufacturer aims to overtake Tesla as the EV king.

Ford reportedly plans to invest as much as $20 billion more towards its shift to electric vehicles over the next five to 10 years by revamping factories around the world to produce battery-powered cars.... [+]

Dearborn, Michigan on May 19, 2021. - One day after winning an enthusiastic endorsement from President Joe Biden, Ford will officially preview the all-electric version of its best-selling F-150 truck on May 19, 2021. The battery-powered Ford F-150"Lightning" is part of the US auto giant's $22 billion campaign to ramp up its electric vehicle offerings by 2025.

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