Ford announced plans to increase electric sales targets on Wednesday as it became the second carmaker this week to step up its EV ambitions, despite selling its electric scooter business.
The US group will split its battery vehicle arm and engine businesses into separate units, with one-third of overall sales electric by 2026, rising to half by the end of the decade. It was already committed to making all passenger cars in Europe electric by 2030.
Jim Farley, chief executive, told the Financial Times the increase was because the reception for its electric vehicles “has been so far beyond our expectations”.
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