Ford said in the presentation it expects 40% of its new-vehicle volume to be BEVs by 2030, up from low-single digits today. Part of Ford’s advantage is that its electric vehicles will share a lot of components with conventionally powered versions of the same model. The buying power and scale advantage Ford has and the value of non-EV parts of a pickup truck, nearly 50% of the trucks’ material cost, is sizable,” Drake said. “The same holds true for how we look at the cost advantage of electrifying our E-Transit, leaning into the scale of the world’s best-selling cargo van,” she said. Ford also intends to generate volume-related cost advantages on the parts of its battery-powered electric vehicles that are exclusive to BEVs, such as the batteries themselves, which Ford intends to manufacture in-house.

Source: Forbes May 31, 2021 17:48 UTC