Ford: 40 Percent of Its Vehicles Sold Will Be Electric by 2030

Photo: Ford Motor Company

Automaker Ford announced last week  it expects 40 percent of its new vehicles to be electric by 2030. The announcement came on the heels of the introduction of the all-electric version of its bestselling F-150 pickup truck (pictured here), which they say boasted 70,000 reservations in the first week.

The company predicted that the cost to manufacture batteries for electric vehicles will fall 40 percent by 2025, as demand rises. Ford hopes to be a solid contender to Tesla and other all-electric vehicle manufacturers and recently invested in two battery factories.

Read the whole story here.