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Ford plans to increase EVs output to 600,000 per year by using utes, vans, and Mustangs.

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Ford plans to grow global electric car manufacturing to 600,000 units per year by 2023, aiming to overtake Tesla as the second-largest US-based EV manufacturer.

Ford CEO Jim Farley said in an interview with Automotive News published late last week that his business plans to treble the number of electric vehicles it produces over the next 24 months.

Ford’s first three new EVs, the Mustang Mach-E, the F-150 Lightning, and the E-Transit, are projected to see a considerable and immediate boost in manufacturing.

Furthermore, showing Ford’s focus on the need to rapidly grow EV manufacturing, this increase is scheduled to occur before production at the company’s recently announced EV assembly factory in Tennessee begins.

According to CNBC News, Farley said in an interview with Automotive News, “The demand is so much higher than we expected.”

“Trying to be nimble is a whole new experience for this large corporation.” We had to take a different strategy than we had in the past when it came to capacity planning.”

Ford’s new EV production goal will be fueled in part by rising F-150 Lightning demand, with reservations “approaching 200,000 vehicles,” according to Farley, who expects “north of 80%” of reservation holders to convert to real sales.

The Ford F-150 Lightning is expected to go on sale in the United States next year, and reservations had already surpassed 160,000 by the beginning of November, demonstrating the enormous desire for an electric truck.

According to the results of a recent Autolist study, the Ford F-150 and the Chevrolet Silverado, both of which are slated to begin delivery in 2023, are the most desired electric pickup trucks/utes by consumers, surpassing both the Tesla Cybertruck and the Rivian R1T.

Farley also told Automotive News that he believes Ford will be able to overtake Tesla as the second-largest electric vehicle manufacturer in the United States.

“Our goal is to become the clear No. 2 electric vehicle maker within the next couple years and then challenge for No. 1 as the huge investments we are making in EV and battery manufacturing come onstream and we rapidly expand our EV line-up,” a Ford spokesperson later told The Hill in a statement.

However, it’s unclear whether a production goal of 600,000 by 2023 will be enough to contend for second place, given that GM just revealed ambitions to sell one million electric vehicles globally by 2025, supported by a commitment to release 30 new global EVs at the same time.

According to a GM representative speaking to CNBC News, the business sold nearly 300,000 electric vehicles worldwide in the first nine months of 2021, with China accounting for the majority of those sales.

However, it’s unclear whether a production goal of 600,000 by 2023 will be enough to contend for second place, given that GM just revealed ambitions to sell one million electric vehicles globally by 2025, supported by a commitment to release 30 new global EVs at the same time.

According to a GM representative speaking to CNBC News, the business sold nearly 300,000 electric vehicles worldwide in the first nine months of 2021, with China accounting for the majority of those sales.



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