Ford Motor Company said it is retiming the launch of upcoming electric vehicles at its Oakville, Ontario, assembly plant while continuing to build out an advanced industrial system to produce its next-generation electric vehicles, including greenfield construction and conversion of existing assembly plants. The company continues to invest in a broad set of EV programs as it works to build a full EV line-up. These initiatives support the development of a differentiated and profitably growing EV business over time while Ford serves customers with the right mix of gas, hybrid and electric vehicles based on demand today. In parallel, Ford is expanding its hybrid electric vehicle offerings. By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America. In the first quarter of 2024, Ford’s electric vehicle sales increased by 86% and hybrid sales rose 42% versus a year ago. Additionally: Equipment installation is underway at the Tennessee Electric Vehicle Center assembly plant at BlueOval City, which aims to begin customer deliveries of Ford’s next-generation electric truck in 2026; Expansion progresses at Ohio Assembly Plant in Avon Lake, to produce an all-new electric commercial vehicle for Ford Pro customers beginning mid-decade; construction progressing at BlueOval Battery Park Michigan, and BlueOval SK joint venture battery plants in Tennessee and Kentucky; Ford reiterates commitment to its Oakville, Ontario, assembly plant as the company retimes the launch of its all-new three-row electric vehicles to 2027; Design work continues on future EVs, including a flexible small and affordable EV platform by a skunkworks team in California.
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