Ford plans to build 3.5 million electric cars by 2025

Ford said Monday it will open four battery-electric vehicle (BEV) plants around the world that it says will make 3.5 million cars a year by 2025. The announcement raises the total number of Ford…

Ford plans to build 3.5 million electric cars by 2025

Ford said Monday it will open four battery-electric vehicle (BEV) plants around the world that it says will make 3.5 million cars a year by 2025.

The announcement raises the total number of Ford electric cars slated for production by 2025, which Chief Executive Officer Jim Hackett said would reach 15 million cars, to about 30 million, from 20 million.

“Bringing electrification to Ford is a must for our future as a company,” Hackett said. “We are listening to our customers and the experts and continuing to develop the industry’s first blend of electrification and mobility.”

Reuters is reporting that Chief Technical Officer Raj Nair has said Ford plans to shut down production of F-150 pickup trucks at its Kansas City plant in April, affecting about 2,900 employees.

On top of that, the automaker has planned to cut 1,400 salaried jobs globally as part of its ongoing layoffs, Reuters reported.

Ford said it will invest $550 million in charging infrastructure in North America, and spend $700 million in China on development and production of electric vehicles.

To make the investments in global infrastructure possible, Ford is closing its Swindon, England, factory and wants to move all small-car production to Mexico.

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