Ford says it expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to the amount it’s spending to develop themDETROIT -- Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it's spending to develop them. Ford announced two new electric vehicle platforms to handle pickup trucks, commercial vehicles and SUVs such as the Ford Explorer. Much of the 40% electric vehicle sales target will come from Europe, where the company has pledged to convert its entire passenger vehicle lineup to electric power by 2030. In the U.S., Ford's largest market, electric vehicles are only 1.2% of Ford's sales through April. The venture will build two North American factories to make batteries for roughly 600,000 electric vehicles per year by the middle of this decade.

Source: ABC News May 26, 2021 12:31 UTC