Ford (F) now expects to hit a 600,000 EV production run rate in 2024
Ford's ultimate goal is to ramp up EV production to a 2 million run rate.
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Ford's ultimate goal is to ramp up EV production to a 2 million run rate.
Ford claims to have sorted out battery resource issues, increased plant capacity, and is planning to boost production of the F-150 Lightning throughout 2023.
Ford EV drivers will gain access to over 12,000 Tesla Superchargers in North America.
Ford's EV division is expected to continue losing money throughout the year.
Ford is looking to match the increased demand for its EVs by expanding the production of vehicles like the F-150 Lightning.
Ford's EV losses were offset by profits in its other businesses.
One of the reasons cited for giving self-driving the ability to drive away on their own is when companies like Ford need to repossess a vehicle.
Ford has not yet determined when production and shipments on the electric F-150 will resume.
The U.S. Treasury is expanding definitions of vehicles like "SUV" to make more EVs from companies like Tesla and GM eligible for tax credits.
Ford aims to have an annual run rate of 2 million by the end of 2026.