Electric vehicles (EVs) will form 40pc of Ford’s global sales by 2030, the US-based carmaker announced during its Investor Day on Wednesday.
To achieve this milestone, Ford unveiled the Delivering Ford+ program, which is also expected to help the carmaker grow its EBIT by 8pc in the next two years. U
Under this program, the company plans to focus on zero-emission electric vehicles with advanced connectivity based on the latest electrical architectures and battery technologies, the car manufacturer stated. It also plans to invest more than $30bn on the electrification of vehicles by 2025.
Ford expects its commercial vehicles market share to increase and anticipates a revenue of $45bn by 2025 compared to $27bn in 2019 under its Ford Pro program.