Ford is again planning to increase its presence in the EV sector, according to statements made on Twitter by ceo Jim Farley. 

“It's a big moment for the auto industry. Early EVs were good for the environment, but lacked emotion. Like appliances. That's changing,” he says, noting the company’s conversion of “iconic” vehicles like the Mustang and the F-150 to electric platforms. “We're approaching it like we did building ventilators & PPE for Covid. Whatever it takes, find a way. And it's working. We are now expecting to produce 600,000 EVs/yr [sic] globally by end of 2023. 2x our original plan. And that’s BEFORE #BlueOvalCity & other EV sites come online.”

Ultimately, Ford plans to supplant Tesla as the “biggest” global EV producer, Kallanish understands.

“We aim to become the 2nd biggest EV producer within the next couple years. Then as the huge investments we're making in EV and battery manufacturing come onstream and we rapidly expand our EV lineup, our ambition is for @Ford to become the biggest EV maker in the world,” Farley tweets. 

The news comes on the heels of GM’s statements in a similar vein during its opening of the retooled Factory ZERO in Michigan, which was attended by President Joe Biden. 

Ford and SK Innovation are in the midst of spending a combined $11.4 billion to create three battery and EV parks in the US, including the aforementioned Blue Oval City in Stanton, Tennessee. BlueOval City alone is projected to cost $5.6 billion and will be a vertically integrated facility for the production of both batteries and EVs.