Wednesday, December 8th, 2021

Ford aims to double EV production capacity in two years, Farley says

DETROIT – Within 24 months Ford Motor Co. plans to become the No. 2 maker of electric vehicles in the U.S. behind only Tesla with the capacity to produce 600,000 EVs per year.

The automaker’s 600,000-per-year global EV projection is double what it originally intended, CEO Jim Farley told Automotive News. The production would be spread among its first three EVs: the Mustang Mach-E, F-150 Lightning and E-Transit, and would come before its Blue Oval City campus in Tennessee comes online.

Once that occurs, Farley said Ford could challenge for the No. 1 spot.

“The demand is so much higher than we expected,” Farley said in an interview.

This story will be updated.

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