{"id":472825,"date":"2022-03-04T09:22:42","date_gmt":"2022-03-04T03:52:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472825"},"modified":"2022-03-04T10:20:49","modified_gmt":"2022-03-04T04:50:49","slug":"ford-to-invest-50-billion-on-ev-business-to-compete-against-tesla","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ford-to-invest-50-billion-on-ev-business-to-compete-against-tesla\/","title":{"rendered":"Ford to invest $50 billion on EV business to compete against Tesla"},"content":{"rendered":"<p>In its bid to catch up with Elon Musk-run Tesla, Ford Motor Company has announced to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment announcement by 2025.<\/p>\n<p>The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford&#8217;s global volume, rising to half by 2030.<\/p>\n<p>Ford said it will create distinct electric vehicle and internal combustion businesses to compete and win against both new EV competitors and established automakers.<\/p>\n<p>The company expects to spend $5 billion on EVs in 2022, including capital expenditures, expense and direct investments, a two-fold increase over 2021, the automaker said in a statement late on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its bid to catch up with Elon Musk-run Tesla, Ford Motor Company has announced to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment announcement by 2025. The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford&#8217;s global volume, rising to half by 2030. Ford said it will create distinct electric vehicle and internal combustion businesses to compete and win against both new EV competitors and established automakers. The company expects to spend $5 billion on EVs in 2022, including capital [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-472825","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=472825"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472825\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}