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Ford plans to increase EV production to 600,000 vehicles by 2023

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Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021.

Rebecca Cook | Reuters

Ford Motor plans to increase its production capacity of electric vehicles to 600,000 units globally by 2023, which CEO Jim Farley expects would make the company the second-largest U.S.-based producer of EVs, behind Tesla.

Farley said the increase would double the number of EVs the company had initially expected to produce over the next 24 months, according to a report Thursday from Automotive News. That production is expected to be spread across Ford’s first three new EVs: the Mustang Mach-E, F-150 Lightning and E-Transit. It would come before production is…



Source cnbc.com

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