Ford ups EV investments, targets 40% electric car sales by 2030


Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck

Michael Wayland / CNBC

Ford Motor said Wednesday it expects electric vehicles to make up almost half of its global sales by 2030 under the company’s latest turnaround plan.

Its plan includes increasing its investment in EVs to more than $30 billion through 2025.

Ford announced the plans during its first investor day under CEO Jim Farley, who took over the helm of the automaker on Oct. 1. The highly anticipated event focused on Farley’s new “Ford+” plan to turn around its operations and expand into emerging markets…


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