Ford Motor announced a significant increase in its commitment to promote electric vehicles and trucks declaring it will spend billions of dollars to build three battery factories as well as an electric truck factory in the US, creating around 11,000 jobs over the next four years.
This will be the largest investment in the history of the company and should enable them to produce over one million electric vehicles (EV) per year. Ford will invest $7 billion and SK Innovation of South Korea (its main battery cell supplier) will invest over $4 billion, to build two battery plants in Kentucky and one in Tennessee. In addition, a new assembly plant in Tennessee will build electric pickup trucks. The company previously announced an electric version of its popular F-150 pickup truck called the Lightning.
The White House recently established a string of executive orders which sets the goal to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid electric, or a fuel cell electric vehicle. As well as promoting the use of electric vehicles, the Executive Order also kicks off development of long-term fuel efficiency and emissions standards.
For NYC based companies interested in incentives to convert to cleaner vehicles, the New York City Clean Trucks Program may work for you. The program offers rebate incentive funding to reduce diesel exhaust emissions by replacing older, heavy polluting diesel trucks with new battery-electric, or EPA emission compliant alternative fuel (compressed natural gas, diesel-electric hybrid, and plug-in hybrid) and diesel trucks. Funding is available from $12,000 up to $185,000 per truck replacement, depending on fuel type and truck class size.
If this program doesn’t work for you but you are still interested in fleet electrification, EVrinda is an aggregation platform that brings qualified customers, innovative financiers, utilities, and third party vehicle and charger providers to develop and implement customized business models to accelerate fleet electrification.