Wednesday, July 2, 2025

Ford Boosts Spending on Electric Vehicles to $30 BILLION By 2025

Shares of Ford soared to a new five-year high, after the automaker announced that it would increase spending on its electric vehicle fleet by 36% over the next four years.

According to a statement on Wednesday, the American automaker plans to up its spending towards EV technology to US$30 billion, which will help reach its goal of making four out of the 10 models it sells battery-powered. The investment will also allocate funding towards the production of batteries that the company calls IonBoost, as well as the development of solid-state batteries that are expected to significantly lower prices and increase driving range on a single charge.

Ford also plans to create a commercial-vehicles service and distribution business that the company dubs Ford Pro. This will allow the automaker to generate recurring revenue, and help it transition away from a single-transaction business model. it is expected that this move will boost the company’s operating margin to 8% by 2023. Ford’s latest commercial business will include a combination of both physical and digital services, in addition to creating a charging network consisting of home plug-in, public, and depot charging stations.

The latest move is part of mounting pressure from other automaker rivals to plan out a robust vision for an all-electric future. On May 20, Ford announced it will enter into a joint partnership with South Korea’s SK Innovation Co to produce EV batteries at two US plants, and just last week, the automaker debuted its flashy new electric F-150 Lightening pickup truck that even garnered a visit from US President Joe Biden.


Information for this briefing was found via Ford. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Private EV Developer Bollinger Motors Exits Pickup Truck and SUV Business Despite 30,000 Pre-Orders

On January 14, 2022, the private start-up electric vehicle (EV) manufacturer Bollinger Motors announced it...

Sunday, January 16, 2022, 09:00:00 AM

PowerBand Solutions Secures US$2.0 Billion In Lease Lines For EVs

PowerBand Solutions (TSXV: PBX) this morning revealed that it has secured two additional credit facilities....

Tuesday, May 4, 2021, 08:05:20 AM

Mercedes-Benz Announces Major Commitment to Electric Vehicles, Continuing the Pattern of Other Automakers

Carmakers’ rapid pace of electrifying their vehicle offerings accelerated even further on July 22. On...

Saturday, July 24, 2021, 11:27:00 AM

Ford Allocates $3.2 Billion Towards All-Electric Versions Of Transit Van, F-150 Pickup Truck

It appears that the EV market is heating up, as more and more American auto...

Tuesday, November 10, 2020, 01:57:00 PM

GM to Overhaul Cadillac With New All-Electric Lyriq SUV at a $60K Price Tag

General Motors has put its electrified assembly line into overdrive, and will begin producing its...

Saturday, April 24, 2021, 05:33:00 PM