Ford to sell 2 million EVs annually

Ford expects its annual sales of electric vehicles in Europe to exceed 600,000 units in 2026 and supports the company goal to sell more than two million EVs globally by that date.

Ford is setting its sights on an all-electric future in Europe, offering a new generation of seven, all-electric, fully-connected passenger vehicles and vans by 2024. The announcement builds on recent news that the company has created a new global business unit, Ford Model e, focused on the design, production, and distribution of electric and connected vehicles. Together with Ford Pro, the business unit focused on Ford’s commercial vehicle business, these two business units will define Ford’s future in Europe.

“Our march toward an all-electric future is an absolute necessity for Ford to meet the mobility needs of customers across a transforming Europe,” said Stuart Rowley, chair, Ford of Europe. “It’s also about the pressing need for greater care of our planet, making a positive contribution to society and reducing emissions in line with the Paris Climate Agreement.”

Together, these efforts will support Ford’s global plans to significantly reduce carbon emissions. The company also announced it is targeting zero emissions for all vehicle sales in Europe and carbon neutrality across its European footprint of facilities, logistics and suppliers by 2035.

To support Ford’s ambitious vehicle electrification plans, Ford, SK On Co and Koç Holding have signed a non-binding MoU for a new joint venture business in Turkey. Subject to execution of a final agreement, the three partners plan to create one of the largest EV battery facilities in the European wider region. The joint venture would be located near Ankara and will manufacture high Nickel NMC cells for assembly into battery array modules. Production is intended to start as early as mid-decade with an annual capacity likely to be in the range of 30 to 45 Gwh.

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