Ford Motor has announced its plan to produce 600,000 electric vehicles per year by the end of 2023.
This, for the uninitiated, would amount to more than just a lofty task. 600,000 EVs would account for approximately 10% of Ford’s production capacity globally.
An annual production count of 600,000 EVs would not only be doubling up its planned capacity but would make it the second-largest EV maker after Tesla.
We aim to become the 2nd biggest EV producer within the next couple years.
Then as the huge investments we're making in EV and battery manufacturing come onstream and we rapidly expand our EV lineup, our ambition is for @Ford to become the biggest EV maker in the world.
— Jim Farley (@jimfarley98) November 18, 2021
According to Ford Motor CEO Jim Farley, their plan is to eventually become the world’s biggest EV maker.
While unsurprising, the automaker currently only sells the Mustang Mach-E and their E-Transit van. They have their Ford F-150 Lightning coming next year, which has already garnered a great deal of attention from Ford fans and the media.
In fact, the F-150 Lightning currently has over 160,000 reservations.
In order to reach anywhere near 600,000 electric cars, they are going to have to ramp up production massively.
Ford recently announced a deal with SK, and is set to start producing more EVs at their Blue Oval City mega campus. They also have three battery gigafactories coming as well, which will really help them sustain production numbers.