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February 4, 2021 11:23 pm

Ford is more than doubling its investment in electric and autonomous vehicles to $29 billion





Photo by Sean O’Kane / The Verge



Ford is increasing its investment in electric and autonomous vehicles to $29 billion, the company’s top executives said in an earnings call Thursday. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022. Now, Ford says it will spend double that amount, while extending the timeline to 2025.


The automaker will spend $7 billion on autonomous vehicles and $22 billion on electric ones. That $22 billion includes $7 billion that the company has already spent since 2016.



Ford said a majority of vehicles it plans on producing will be battery-electric vehicles, but the company also has hybrid and...



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Original Link: https://www.theverge.com/2021/2/4/22267195/ford-electric-autonomous-investment-29-billion

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