Ford will spend $30 billion on electric vehicles, a big increase from earlier plans.

Ford will spend $30 billion on electric vehicles, a big increase from earlier plans.

Wednesday, May 26, 2021

Ford Motor said on Wednesday that it would increase spending on electric vehicles by about a third from its previous plans and expects E.V.s to make up 40 percent of its production by 2030, a big increase in its commitment to the electrification of cars and trucks.

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