Ford aims to produce 600,000 EVs per year by 2023

Ford plans to increase the manufacturing of EVs to 600,000 units!

Ford recently stated that by 2023, it will be able to manufacture 600,000 electric vehicles annually, more than double its previous capacity.

Ford has accelerated its goal of making its line of vehicles electric several times in the past few years.

After some setbacks, we’re finally seeing some progress, with the F-150 Lightning arriving next year and the Mustang Mach-E SUV getting some success. E-Transit cargo vans are also sold by Ford Pro, but there are no known figures for them.

However, based on the information provided by Ford, it appears that mass ev production is still some years away.

Ford CEO Jim Farley has recently confirmed another acceleration of the company’s goals in a Twitter thread:

It's a big moment for the auto industry. Early EVs were good for the environment, but lacked emotion. Like appliances. That's changing. @Ford's bet is different. We're taking iconic vehicles—Mustang, F-150, E-Transit—and making them even better as EVs. And more are on the way.

— Jim Farley (@jimfarley98) November 18, 2021

Jim Farley’s announcement of the actual target production capacity for Ford’s EVs is the most important part here:

” We’re approaching it like we did building ventilators & PPE for Covid. Whatever it takes, find a way. And it’s working. We are now expecting to produce 600000 EVs/yr globally by end of 2023. 2x our original plan. And that’s BEFORE Blue Oval City & other EV sites come online. “

Blue Oval City is a planned Ford facility that will contain 3 new battery gigafactories and will be a massive new electric pickup truck factory. In 2025, this new facility is scheduled to start production.

With 600,000 EVs (annual) on the road, Ford will be the second-largest maker of EVs by volume after Tesla, and Jim Farley stated that the firm’s ambition is to become the largest:

” 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. “

To do this, the company will need to significantly increase its manufacturing capacity for EVs, as it currently only produces the E-Transit van and the Mustang Mach-E.

600,000 EVs would represent nearly 10% of Ford’s global production capacity. The automaker also said that by 2030, it hopes to have 40% of its sales be all-electric.