Ford Commits $29 Billion To EVs And Self-Driving Tech

Electric Vehicles / Comments

The transformation is happening.

General Motors isn't the only major American automaker making major changes with industry-changing impact. Ford has just announced plans to invest $22 billion in electric vehicles and $7 billion in self-driving vehicles through 2025. The former investment is more than a $10 billion increase over its previous EV pledge.

However, Ford did not commit itself to phase out combustion engines like GM did (at least not yet), but made clear a majority of its new vehicles will be EVs; some will have hybrid and plug-in hybrid powertrains alongside pure battery electrics. Ford's EV and autonomous vehicle investment pledge, however, exceeds GM's $27 billion commitment by 2025 as well.

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"The transformation of Ford is happening and so is our leadership of the EV revolution and development of autonomous driving," said CEO Jim Farley. "We're now allocating a combined $29 billion in capital and tremendous talent to these two areas, and bringing customers high-volume, connected electric SUVs, commercial vans and pickup trucks."

The first Ford Mustang Mach-E deliveries have just gotten underway and an all-electric Transit van debuted last year. Both are lead-ups to Ford's most important EV to date: the 2022 Ford E-150 truck, a battery-electric version of the long-time best-selling F-150. Also last week, Ford and Google announced a six-year partnership agreement that will see future Fords and Lincolns come with built-in Android operation systems. This will also include advanced features like Google Assistant for voice commands and Google Play for quick access to music files, audiobooks, and podcasts.

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Ford's decision to go with Android will also enable it to work with third-party developers to build apps unique to Ford vehicles. Other recent Ford investments include $500 million with Rivian, the EV truck startup. Part of the original plan called for a new Lincoln to ride on Rivian's "skateboard" platform, but this project has been shelved as a result of the coronavirus pandemic.

Along with Ford and GM, other mainstream automakers have recently announced major EV investments. Daimler, the parent company of Mercedes, which will rename itself Mercedes-Benz by the end of the year, has committed to producing electrified versions of its entire lineup by 2022. Volvo has already begun phasing out gas-only vehicles, and the Volkswagen Group's entire slate of multi-brand vehicles will be electrified by 2030.

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