FORD to Go All-Electric , CEO Says 2021 is Our Year

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Ford’s upcoming electric vehicles are the F-150 EV and Bronco SUV. Additionally, the company has pledged $11.5 billion in investment in electrified vehicles through 2022. Farley described it as transitional technologies for the company.

“I don’t have any regrets about that decision but if you’re asking about the future, and being specific about the future, on what our mix is going to be, and how it’s going to change, yes our mix is definitely changing to pure battery-electric. I’m not going to go into details today. Stay tuned.” Farley said.

Since Farley became a CEO four months ago, things are going good for him. Ford stock recovered 60% and Wall Street institutions showcased relief about his management. The company announced the first revenue for the first quarter on Thursday. Ford made $33.2 billion vs. $33.89 billion expected.