Ford is making an electric Explorer, boosts EV investment by $8 billion

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Image: Ford

Ford will spend $30 billion on electric vehicles by 2025, and says 40 percent of its global fleet will be all-electric by 2030. The company is working on an all-electric versions of its Explorer and Lincoln Aviator SUVs. And it’s developing two new electric vehicle platforms: one that will power full-size pickup trucks, and one that can easily flex between all- and rear-wheel drive to fit multiple vehicle types.

The company had previously committed $22 billion to EVs and had announced a goal to be all-electric in Europe by 2030.

Ford is also creating a standalone business for its commercial vehicle division called Ford Pro. The company hopes that by offering more dedicated services to these customers, it can build on what is already a...

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