Ford recently announced it’s teaming up with battery manufacturer SK Innovation to start a joint venture to build batteries in the US as part of a wider $22 billion green tech investment. As for Europe, Ford made the BEV-only decision based on current facts on the ground.
“The two markets are in a very different place,” Galhotra said. “As that market was maturing and moving in Europe, it was clear at what point we’d be all-electric. I suspect the same thing is happening here; we’re just not at that point.” One thing is for certain: every automaker, including Ford, will drop ICE vehicles within 20 years. Long-term, Ford wants to “lead the electric revolution” in the US.