Ford is investing an additional $ 250 million (approximately C $ 318 million) to boost production and add more electric vehicle (EV) related jobs to its production facilities.
The automaker says this investment will add a total of 450 jobs and raise Ford’s Lightning production capacity to 80,000 per year. This sounds like a good number of trucks, but since the company has over 130,000 pre-orders, it will be over a year before everyone who wants one gets one.
The first trucks should begin shipping to consumers and dealers in spring 2022.
These numbers are nothing to scoff at and Ford’s entry into the electric truck game is a big deal, but these stats illustrate just how small the electric vehicle market is for the automaker. For comparison, Ford sold an average of 900,000 F-150 trucks each year before the pandemic.
In the next few years, with Tesla, Rivian, GM and Ford launching electric trucks, it will be interesting to see which company becomes North America’s next big truck supplier.
Image Credit: Ford
Via: Engadget