Beatrice Lang
Ford Motor Company is a global company based in Dearborn, Michigan, and is the second-largest electric vehicle brand in America. In 2023, Ford assembled more than 1.8 million vehicles in the U.S. and sold nearly 2 million vehicles, including electric vehicles. Ford has established electric vehicle manufacturing facilities across the world, including the Rouge Electric Vehicle Center in Michigan, where it is on track to triple production of the F-150 Lightning, targeting an annual production run rate of 150,000 by the end of 2023.
| Characteristics | Values |
|---|---|
| Number of electric vehicles produced in Michigan | N/A |
| Global EV sales | 160,000 BEVs as of the end of the fiscal year 2024 |
| US EV sales | Mustang Mach-E and F-150 Lightning: 210,000 units by the end of 2023 |
| US EV sales ranking | Second |
| US EV sales growth | 121.1% increase in total EV sales year-over-year |
| US EV sales growth rate | 36% faster growth than the entire segment |
| Percentage of overall sales to be electric by 2030 | 40% |
| Investment in electrification through 2025 | $22 billion |
| Investment in Michigan plants for F-150 Lightning production | $2 billion |
| Number of jobs added in Michigan plants for F-150 Lightning production | 3,200 |
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What You'll Learn
Ford's investment in EV development
Ford Motor Company has been making significant investments in the development and production of electric vehicles (EVs). The company has committed $30 billion to EV development, with a focus on leveraging its strengths, expanding its electric vehicle lineup, and investing in infrastructure and technology to drive EV adoption and achieve sustainability goals.
Ford's EV strategy is centred around a comprehensive and ambitious plan to transition to an electric lifestyle and commercial fleet. The company is investing $22 billion in electrification through 2025, aiming to lead in areas of strength by electrifying its most iconic products, such as the Mustang, F-150, and Transit. Ford is also investing in advanced sustainable manufacturing technology and has established electric vehicle manufacturing facilities worldwide, including the Rouge Electric Vehicle Center in Michigan.
Ford is targeting annual manufacturing run rates of 210,000 units for the Mustang Mach-E and 150,000 for the F-150 Lightning by the end of 2023. To achieve this, the company is investing $2 billion across three plants in Michigan for the F-150 Lightning production increase, adding 3,200 jobs. Ford is also adding an extra crew at its Kansas City Assembly Plant, which manufactures the E-Transit van, America's best-selling electric van in 2022.
Ford's commitment to EVs is evident in its sales figures. In its December 2021 sales report, Ford showed a 121.1% increase in total EV sales year over year, marking the company's best-ever EV sales. Ford's Mustang Mach-E has become the second-best-selling EV model in the US, behind only Tesla's Model Y. Ford's F-150 Lightning was also the No. 1 selling electric truck in 2023, with 15,617 sales recorded in 2022 and 3,600 in the first two months of 2023.
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Ford's EV sales in 2023
Ford Motor Company is a global company based in Dearborn, Michigan. In 2023, Ford sold nearly 2 million vehicles, a 7.1% increase, with 1,081,777 of those being trucks and vans. This includes the best-selling F-Series truck franchise of gas-powered, hybrid, and electric pickup trucks, assembled in America at plants in Michigan, Missouri, Kentucky, and Ohio. Ford's electric vehicles posted record Q4 sales to cap off a record EV year.
Ford's vehicle wholesale includes all Ford and Lincoln-badged units sold to dealerships or other manufacturers, as well as local brand units produced by their China joint venture, Jiangling Motors Corporation, Ltd. ("JMC").
Ford's electric vehicle (EV) strategy is centered around a comprehensive and ambitious plan to transition to an electric lifestyle and commercial fleet. The company is investing $22 billion in electrification through 2025, aiming to electrify its most iconic products, such as the Mustang, F-150, and Transit. In 2023, Ford is targeting an annual manufacturing run rate of 150,000 for the F-150 Lightning, investing $2 billion across three plants in Michigan for its production increase, and adding 3,200 jobs in the process. The F-150 Lightning was the No. 1 selling electric truck in 2023, with 15,617 sales recorded in 2022 and 3,600 in the first two months of that year. The Mustang Mach-E has also been a strong performer, helping Ford rank second in US EV sales in 2022 and bringing new customers to the brand.
Ford has established electric vehicle manufacturing facilities across the world, including the Rouge Electric Vehicle Center in Michigan. The company is investing in advanced sustainable manufacturing technology to support its EV production and is committed to helping build a better world, where every person is free to move and pursue their dreams.
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Ford's Michigan assembly plants
Ford Motor Company is a global company based in Dearborn, Michigan. Ford has established electric vehicle manufacturing facilities across the world, including the Rouge Electric Vehicle Center in Michigan. The company is investing in advanced sustainable manufacturing technology to support its EV production. In 2023, Ford assembled more than 1.8 million vehicles in the U.S. – 130,000 more than any other auto manufacturer. This includes the best-selling F-Series truck franchise of gas-powered, hybrid, and electric pickup trucks, each assembled in America at plants in Michigan, Missouri, Kentucky, and Ohio. Overall, more than 79% of what Ford sells in the U.S. is assembled in the U.S., more than any other automaker.
Ford's electric vehicle (EV) strategy is centered around a comprehensive and ambitious plan to transition to an electric lifestyle and commercial fleet. The company is investing $22 billion in electrification through 2025, aiming to lead in areas of strength by electrifying its most iconic products, such as the Mustang, F-150, and Transit. Ford is electrifying its most popular vehicles, including the Mustang Mach-E, F-150 Lightning, and E-Transit. These models combine performance, capability, and productivity with zero-emissions technology. Ford plans to introduce a range of new electric vehicles, including commercial vans and pickup trucks. The company is focusing on delivering affordable, long-range EVs to meet customer needs and accelerate adoption.
Ford's vehicle wholesale includes all Ford and Lincoln-badged units (whether produced by Ford or by an unconsolidated affiliate) that are sold to dealerships or other manufacturers. In its December 2021 sales report, Ford showed a 121.1% increase in total EV sales year over year. This marks the best-ever EV sales for the company and represents 36% faster growth than the entire segment. Ford, the nation's largest carmaker, has already begun to dominate this sector. The Mustang Mach-E has become the second-best selling EV after Tesla's Model Y, and the F-150 continues to be America's top-selling truck. Ford anticipates 40% of its overall sales to be electric by 2030 and has invested deeply in both manufacturing and battery production and recycling.
Ford is targeting annual manufacturing run rates of 210,000 units for the Mustang Mach-E and 150,000 for the F-150 Lightning by the end of 2023. The automaker will produce more Mustang Mach-E, F-150 Lightning, and E-Transit electric vehicles at its plants in Cuautitlan, Mexico, Detroit, and Kansas City as Ford electric vehicle sales are up 68% through February. In Michigan, Ford is on track to triple production of the F-150 Lightning at the Rouge Electric Vehicle Center this year, targeting an annual production run rate of 150,000 by the end of 2023. The F-150 Lightning is the best-selling electric pickup truck in the US, with 15,617 sales recorded in 2022 and 3,600 in the first two months of 2023. Ford is investing $2 billion across three plants in Michigan for the F-150 Lightning production increase, adding 3,200 jobs in the process.
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Ford's electric vehicle manufacturing facilities
Ford Motor Company has established itself as a key player in the electric vehicle (EV) market, with a comprehensive strategy and ambitious plans for the future. The company has set its sights on transitioning its iconic models, such as the Mustang, F-150, and Transit, to electric power. As part of this strategy, Ford has invested heavily in EV manufacturing facilities across the globe, including in the United States and Thailand.
In the US, Ford has a strong presence in Michigan, with the Rouge Electric Vehicle Center being a notable example. This center is a testament to Ford's commitment to sustainable manufacturing practices, as the company invests in advanced technology to support its EV production. The Michigan Assembly Plant is another crucial site for Ford's EV manufacturing efforts, contributing to the company's goal of bringing electric vehicles to the American market.
Ford's EV strategy also extends beyond Michigan, with significant investments in other states. The company has announced plans to build three major electric vehicle battery factories and an auto assembly plant by 2025, with a total investment of $11.4 billion. These facilities will be located in Kentucky and Tennessee, chosen for their lower electricity costs, skilled labor forces, and reduced exposure to natural disasters. The Kentucky Truck Plant (KTP), for instance, is the largest Ford plant in North America under one roof, contributing significantly to the company's profits.
Additionally, Ford has partnered with SK Innovation of South Korea to construct the BlueOvalSK battery factory in Stanton, Tennessee, and twin battery plants in Glendale, Kentucky. These facilities will produce electric F-Series pickups and advanced batteries, further solidifying Ford's position in the EV market. The company's goal is to lead the world in electric vehicles, currently dominated by Tesla Inc.
Outside of North America, Ford operates the AutoAlliance Thailand plant, a joint venture with Mazda. While the vehicles produced at this plant are primarily sold in the South-East Asian market and other developing markets, Ford's global manufacturing footprint demonstrates its dedication to bringing electric vehicles to a worldwide audience.
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Ford's electric vehicle sales ranking
Ford Motor Company is a global automotive company based in Dearborn, Michigan. While the company has experimented with electric vehicles before 2020, it was only in 2020 that Ford Motor began taking EVs seriously. As a late entrant to the EV market, Ford's EV deliveries lag behind Tesla's. According to the latest figures, Tesla is nearing 2 million productions and deliveries, while Ford delivered only 160,000 BEVs by the end of the fiscal year 2024.
Despite this, Ford's electric vehicle sales are on the rise. In its December 2021 sales report, Ford showed a 121.1% increase in total EV sales year over year, marking the company's best-ever EV sales. Ford's Mustang Mach-E has become the second-highest-selling EV model, behind Tesla's Model Y. Ford's F-150 Lightning was the No. 1 selling electric truck in 2023, with 15,617 sales recorded in 2022 and 3,600 in the first two months of 2023. Ford's electric vehicles posted record Q4 sales in 2023, capping off a record EV year.
Ford is investing $2 billion across three plants in Michigan to increase production of the F-150 Lightning, adding 3,200 jobs in the process. The company is targeting an annual manufacturing run rate of 150,000 for the F-150 Lightning by the end of 2023. In Michigan, Ford is on track to triple production of the F-150 Lightning at the Rouge Electric Vehicle Center this year. The company is also investing $95 million and adding 1,100 jobs to increase production of the E-Transit van, America's best-selling electric van in 2022.
Ford's EV strategy is centred around a comprehensive and ambitious plan to transition to an electric lifestyle and commercial fleet. The company is investing $22 billion in electrification through 2025, aiming to electrify its most iconic products, such as the Mustang, F-150, and Transit. Ford plans to introduce a range of new electric vehicles, including commercial vans and pickup trucks, and is focusing on delivering affordable, long-range EVs to meet customer needs and accelerate adoption.
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Frequently asked questions
Ford is on track to triple its production of the F-150 Lightning at the Rouge Electric Vehicle Center in Michigan, targeting an annual production run rate of 150,000 by the end of 2023.
Ford Motor Company is investing $22 billion in electrification through 2025, aiming to electrify its most iconic products, such as the Mustang, F-150, and Transit. The company is also focusing on delivering affordable, long-range EVs to meet customer needs and accelerate adoption.
Ford is America's No. 2 Electric Vehicle Brand. In 2024, Ford's electric vehicles posted record Q4 sales to cap off a record EV year. However, Ford's EV deliveries lag significantly behind Tesla's. As of the end of fiscal year 2024, Ford delivered 160,000 BEVs, while Tesla is nearing 2 million productions and deliveries.
