How Ford's EVs Will Boost Revenue Even if Sales Don't Grow
Ford is planning to use the EV transition to open up new and profitable lines of business.
Source: fool.com
Stay updated with breaking news from Ford Plus. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ford is planning to use the EV transition to open up new and profitable lines of business.
There have been many false dawns for the electric car industry, but a new announcement by Ford could be the catalyst for them to become mainstream
Ford is upping its EV investment to $30 billion by 2025 and has set a goal of making 40 percent of its vehicles electric by 2030. It will create new EV platforms that will power full-size pickups and SUVs like the Explorer.
“Ford Pro” will be standalone company with its own CEO and focus on requirements of commercial, government customers.