Ford plans to produce 600,000 EVs a year by the end of 2023 | Engadget
Ford has ambitions to become the biggest US-based EV manufacturer someday, and that means greatly ramping up its production. Before it achieves its ultimate goal of being the biggest EV producer in the US, Ford is first aiming to become the second largest behind Tesla. It's unclear how much that target would change now that the company is doubling its manufacturing goal. Ford received 100,000 reservations within three weeks after it was unveiled, and that number's now up to 160,000 all placed with a $100 refundable deposit. As CNBC notes, whether Ford can achieve that with 600,000-a-year production target remains to be seen. The Mustang Mach-E is selling on three continents, while the Ford F-150 Lightning has been popular from the time it was announced. And it's working.We are now expecting to produce 600,000 EVs/yr globally by end of 2023.
Ford has ambitions to become the biggest US-based EV manufacturer someday, and that means greatly ramping up its production. Company CEO Jim Farley has announced that the automaker is planning to pro… [+1708 chars]