Ford will build its next- generation of electric vehicles in Valencia, Spain.
The Valencia factory was chosen by Ford for its ability to build profitable EV that meet the demand of European customers. The factory could start making electric and connected vehicles later this decade, according to the company.
The company believes it will be cheaper to build EV in Spain than in Germany. There are jobs in Germany and Spain that may be affected by this. The company will be updated once they respond.
Bringing our all-new electric vehicle architecture to Valencia will help us build a profitable business in Europe, secure high- value employment and increase Ford's offering of premium electric, high performance, fully connected vehicles that meet the demand of our European customers.
Ford will continue to serve as the European headquarters of its battery-electric Model e business and the site of its first European EV production. A $2 billion electric vehicle center will be built there by the end of the 20th century.
Ford wants to sell 2 million electric vehicles a year by the end of the decade. In order to comply with the EU's ban on the production of internal combustion vehicles, the company plans to launch three new electric passenger vehicles and four new electric commercial vehicles in Europe.
According to Elmar Kades, the co-leader of the firm's automotive and industrial practice, the EU may not reach its goal by the deadline.
Kades said that it was hard to believe that Europe would switch to an ICE ban. Everyone knows that Europe makes compromises.
According to the AlixPartners 2022 Global automotive outlook, electric vehicles are likely to make up 80% of the EU's new vehicle market in the 20th century.
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