Ford has been a respected leader in the automotive industry throughout its decades-long history. It has consistently been a leader throughout the industry’s evolution. As the auto industry’s electrification progresses, Ford stands at the forefront of the initiative. Ford has established two lofty goals for itself. The automaker has said that it will produce at least two million all-electric vehicles annually by 2026. Also, by 2026, Ford will enjoy a 10-percent profit margin adjustment.
The electrification process has already started at Ford. In fact, last year, Ford debuted its all-electric Mustang Mach-E crossover SUV. In 2021, Ford sold 64,000 of these vehicles globally, and it plans to ramp up production of this and other models going forward. For example, Ford is scheduled to release an all-electric version of its popular F-150 truck soon, which will be known as the Ford F-150 Lightning, and other models will follow.
In addition to restructuring the lineup, the automaker is completing operational restructuring to accommodate the changes. This includes creating separate divisions for the electric and combustion engine models. Notably, investors responded well to these announcements. Ford’s stock price saw a gain of 8.4 percent on the same day the announcements were made.
Our sales associates at Toothman Ford are eager to help you learn about the Mustang Mach-E and other current or future all-electric models. Whether you are ready to upgrade to an electric vehicle soon or you are simply curious about the possibilities, we invite you to connect with us today for more information.