Ford has been one of the most prominent names in the auto industry for decades. But this doesn't mean the company has stopped evolving. Recently, Ford introduced a new strategy focused on expanding its electric vehicle lineup to increase market share, grow profits, and lower its environmental impact.
How Ford Plans to Attract New Buyers
Ford will focus on increasing the number of electric vehicles in key markets like trucks, SUVs, and commercial vans. By 2026 or 2027, Ford expects to have an electric option in each of these segments. To win over early adopters, these vehicles will offer longer ranges and more competitive pricing.
How Ford Will Cut Its Carbon Footprint
Electric cars use less fuel than traditional vehicles and emit fewer pollutants. Electric vehicles are also more efficient and have fewer moving parts, making them easier to maintain. As a result, Ford will be able to streamline its service operations, reducing the resources needed for repairs and minimizing the impact on the planet.
How Ford Plans to Improve Profitability
Ford will boost its profitability by securing new battery sources and reviewing its raw material suppliers. Additionally, Ford plans to improve the capacity and efficiency of its production facilities.
Are you interested in a new Ford? Visit us today or contact us online to explore our inventory and submit a finance application.