Ford boosts electrification spending, expects 40% of global sales to be EVs by 2030

Michael Martinez

May 26, 2021 12:00 PM

DETROIT — Ford is increasing its spending on electrification by $8 billion to $30 billion through 2025 and expects 40 percent of its global sales will be full-electric by 2030.

Featured Stories

Nissan mulls plant closings in Japan and Mexico, reports say

The once-dominant Japanese carmaker is restructuring to address a slump in global sales and profitability in the face of rising competition from China’s fast-growing electric vehicle sector.

Nissan mulls plant closings in Japan and Mexico, reports say

How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’

How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’

Tariffs already hurting vehicle affordability as more price hikes loom

Michael Martinez

Tariffs already hurting vehicle affordability as more price hikes loom

Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says

Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says

Latest News

Nissan mulls plant closings in Japan and Mexico, reports say

Musk took leased cars back so Tesla could use them as robotaxis. Instead, Tesla sold them

Aurora bringing back human backups to self-driving trucks after Paccar spat

Daily 5 report for May 16: Stellantis’ to-be-announced CEO will need to fix this, fast

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Top 5 stories of the week: Chinese cars expected to hit U.S. market; Ford job cuts

Japanese automakers face $19B hit from Trump’s tariffs

Yugo shows model of small car planned for 2027 production start

VW dealers, after stop-sale orders, left waiting to sell ID Buzz. Again

Staying current is easy with newsletters delivered straight to your inbox.