Ford Invests Big in EVs, Batteries
Ford Motor Company this week announced it’s investing more than $11 billion in two plants to produce electric vehicles (EVs) and EV batteries, with Executive Chair Bill Ford saying, “We’re on the cusp of a revolution.”
The company will build two plants in Tennessee and Kentucky to produce electric cars and pickup trucks, along with the batteries to power them. The plants are expected to employ 11,000 jobs in those two states, and at least one will be zero-waste-to-landfill once fully operational.
Ford said he expects 40 percent of the company’s new cars and trucks will be electric.