DETROIT – Within 24 months Ford Motor Co. plans to become the No. 2 maker of electric vehicles in the U.S. behind only Tesla with the capacity to produce 600,000 EVs per year.
The automaker’s 600,000-per-year global EV projection is double what it originally intended, CEO Jim Farley told Automotive News. The production would be spread among its first three EVs: the Mustang Mach-E, F-150 Lightning and E-Transit, and would come before its Blue Oval City campus in Tennessee comes online.
Once that occurs, Farley said Ford could challenge for the No. 1 spot.
“The demand is so much higher than we expected,” Farley said in an interview.
This story will be updated.