Ford boosts EV spending, aims to have
40% of volume all-electric by 2030
Reuters,
by
Ben Klayman
Original Article
Posted By: NorthernDog,
5/26/2021 8:43:38 AM
Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to have investors value it more like a technology company. Under a plan dubbed "Ford+," the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the
Reply 1 - Posted by:
Phantomll 5/26/2021 8:51:01 AM (No. 797112)
What the OP said about the Edsel.
18 people like this.
Reply 2 - Posted by:
zephyrgirl 5/26/2021 8:51:41 AM (No. 797113)
At some point, the government-subsidized EV craze is going to run headlong into reality - the demand for rare-earth metals, low consumer demand for EVs, lack of electric capacity for charging vehicles, long lines for charging stations, the fire hazards of EVs in accidents, and hours to charge an EV. It can't come soon enough for me.
31 people like this.
Reply 3 - Posted by:
sanspeur 5/26/2021 9:00:02 AM (No. 797121)
interesting side bar .Had a chat with my Harley dealer re ordering MORE chrome for the bike .He said the EPA ( spit) ordered all chrome mfg here to stop ! and it is impossible to get what i wanted .!!! Hence the new bikes , cars , whatever are uniformly
not shiny !!!
Who even heard of this ? Sorta like the squeeze the bien pensants have inflicted upon gun /ammo manufacturing here .. Creeping Kontrol by commies is no way to run a representative gov’t .A fascist state yes , not one “of &by the people”.!
14 people like this.
Reply 4 - Posted by:
WV.Hillbilly 5/26/2021 9:07:56 AM (No. 797128)
The demand economy has become the command economy.
15 people like this.
Reply 5 - Posted by:
ROLFNader 5/26/2021 9:27:57 AM (No. 797157)
Well, one thing you can say for Ford is that they are doing 'what they can' to help the people in the story above this one.
3 people like this.
Reply 6 - Posted by:
marbles 5/26/2021 9:29:37 AM (No. 797159)
Do the Ford people know about the cobalt mining slavery as written about in the article above this?
7 people like this.
Reply 7 - Posted by:
Pearson365 5/26/2021 9:33:23 AM (No. 797172)
We can expect Biden to announce that as of 2030 or 2035, the sale of new gasoline and diesel powered cars and light trucks must end. Biden will surely be directed by the radicals he takes his orders from to offer generous subsidies to EV buyers and an update of Obama’s cash for clunkers madness, something like Cash for Fossils. Ford, GM and the other auto manufacturers have clearly been given the heads up by Biden’s EPA, so we are seeing the shift take place.
What’s missing in this mandated shift are three things: lack of concern for what buyers want and can afford; the inability of our “green” electric power sources to support this change; and the fact that this incredibly expensive mandate will have no effect on the climate.
11 people like this.
Reply 8 - Posted by:
Ida Lou Pino 5/26/2021 9:37:40 AM (No. 797182)
Sure - - they can manufacture 40% golf carts - - but who is going to buy those expensive pieces of crap?
8 people like this.
Reply 9 - Posted by:
planetgeo 5/26/2021 9:40:55 AM (No. 797187)
Sounds like a great business opportunity...start a towing company that specializes in hauling dead EVs off the road when the grid goes down. I remember how beautiful the sunsets were in Northern CA gleaming off all those dead Teslas and Priuses when the power was off for a week.
9 people like this.
Reply 10 - Posted by:
cor-vet 5/26/2021 9:57:30 AM (No. 797212)
If I'm still around and driving in 2030, my 2003 Ford Lightning will be 27 and I'll be 98. I wonder if they will even sell me gas to run it by then.
7 people like this.
Reply 11 - Posted by:
mc squared 5/26/2021 10:01:04 AM (No. 797218)
There must be scientists and engineers at Ford who understand the weaknesses of all electrics, and somehow they know that in Harris's 4th term she will ban the sale and manufacture of petro vehicles.
Just like menthol cigarettes.
6 people like this.
Reply 12 - Posted by:
John C 5/26/2021 10:07:00 AM (No. 797224)
Management at Ford should be fired.
8 people like this.
Reply 13 - Posted by:
Old Army Vet 5/26/2021 10:17:05 AM (No. 797232)
Looks like ford is trying to take over the spot that chrysler has been occupying for the last few years, the bottom of the american car industry barrel. I have had a number of fords, pretty good cars but they have gone down hill in the last few years. Last one that I had was a 2001 focus station wagon. It was a pretty good car, however, it had a bad reliability rating. Mine was good but that was the end for me. Honda from then on. Made in the USA by Americans and top notch autos. This ev fad is going to kill the auto industry. It costa more to build and ruins the environment. Also, where is the extra electric power going to come from??????
9 people like this.
Reply 14 - Posted by:
snowoutlaw 5/26/2021 10:29:10 AM (No. 797245)
The nice thing about Ford stock is it pays a dividend of around 2.5%. Technology companies pay little to no dividends. Guess its time to sell Ford stock.
2 people like this.
Reply 15 - Posted by:
Califedup 5/26/2021 10:48:40 AM (No. 797272)
GM and Ford morphing into state run automobile companies by the insane decision to go electric. Not enough electrical power plants, not enough rare earths to build these POS vehicles. Madness, Utter Madness. These companies have a death wish.
10 people like this.
Reply 16 - Posted by:
moebellini3 5/26/2021 10:52:10 AM (No. 797277)
Complete freakin morons. Question, where is the electrical grid that is going to support the recharging of these useless vehicles. We already have brownouts during summer months, so imagine what will happen with all of these EV cars re-charging for 8 hours at a time. What they really want is the complete shutdown of our country. You want an EV, go out and buy a freakin golf cart. Got it.
6 people like this.
Reply 17 - Posted by:
bldrrepub 5/26/2021 10:53:35 AM (No. 797279)
The US will become like Cuba with all of the old cars prowling the roads. People won't sell their used internal combustion engine cars and will keep them running by cannibalizing other ICE cars.
We'll become a third-world country.
8 people like this.
Reply 18 - Posted by:
Samsquanch 5/26/2021 11:10:05 AM (No. 797302)
The one thing they never mention, where is all the power going to come from for all this extra demand? Windmills and solar panels can't even supply it now.
7 people like this.
Reply 19 - Posted by:
DVC 5/26/2021 11:15:28 AM (No. 797312)
Ford Slave Cars.
3 people like this.
Reply 20 - Posted by:
DougTN 5/26/2021 11:21:49 AM (No. 797323)
But will people actually buy them? Or can afford them if they wanted them? And can the electrical infrastructure handle the increased load?
4 people like this.
Reply 21 - Posted by:
NamVet70 5/26/2021 11:39:08 AM (No. 797331)
Ford has jumped on the EV bandwagon real hard. Toyota CEO has pointed out the errors of this emphasis on EV. Banning gasoline fueled vehicles would be a disaster in many ways. I look at the EV promotion as one more example of corporations going "woke". The government has created a false demand for those vehicles with subsidies. They are a virtue signal for the elite, and are utterly impractical for the rest of us.
8 people like this.
Reply 22 - Posted by:
GoodDeal 5/26/2021 12:02:26 PM (No. 797349)
Tesla stock is about to crash. Ford will be next. Just curious where all of the big new high demand for electricity to charge up these things will come from since the grid right now is overloaded.
7 people like this.
Reply 23 - Posted by:
DVC 5/26/2021 12:40:47 PM (No. 797390)
#11, you design what your boss says to design. If there is a paying job, you apply your engineering skills to the job that is assigned.
Been there, done that, got the master's degree that way, doing computer simulation, then designing, building and testing a hybrid electric bus in the 1970s. It worked, met our goals and most important for me, got me my master's degree.
I wouldn't have an electric or hybrid car. I have to laugh when people try to explain how wonderful they are, not imagining that I have been deeply involved in the technical development in those things, in many cases long before they were even born.
Would I ever work for a company making EVs or hybrids? No, I went off into a totally different industry, wound up making weapons systems for the military for most of my career. These engineers need to stay employed, but look for another job, once they figure out how crappy EVs are.
3 people like this.
Reply 24 - Posted by:
hershey 5/26/2021 1:08:07 PM (No. 797413)
I heard that AAA is going to start carrying electric car chargers on call outs instead of a gallon of gas...
0 people like this.
Reply 25 - Posted by:
Heil Liberals 5/26/2021 1:36:11 PM (No. 797433)
Dear Ford,
Does the cobalt in your Li ion batteries come from African slave labor? Just a question as you abandon proven technology in the drive to ingratiate yourself with the insane progressive pukes.
2 people like this.
Reply 26 - Posted by:
athina 5/26/2021 2:25:57 PM (No. 797456)
I don’t want an electric car. Why do I feel like I am going to have to get one whether i want it or not.
1 person likes this.
Reply 27 - Posted by:
Donna M 5/26/2021 2:35:51 PM (No. 797463)
EV charging locally comes down to what the local transformers can handle. One of my brother's patients works for the local utility. Charge 3 Teslas at the same time on one block at night and you'll take the transformer capacity right down to zero. This is not some rural area but within 20 miles of NYC in northern NJ.
2 people like this.
What is the plan to get rid of all these toxic batteries once they have reached the end of their 10 yr life span? Another Yucca mountain in our future and how many people are dying making these large fire hazards? These corporations have lost their minds. We can hardly keep up with the demand for electricity now. Just how do these idiots think the grid is going to handle this? Propeller beanies on their pointed heads perhaps?
0 people like this.
Do these people ever take into to consideration how the electricity to power these cars is produced, where it come from? Do they think electricity just comes out of the wall????
0 people like this.
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