Ford says electric vehicles to be 40% of its global sales by 2030
Much of the sales target will come from Europe, where the company has pledged to convert its entire passenger vehicle lineup to electric power by that year.
By TOM KRISHERAssociated Press
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DETROIT Ford expects 40 percent of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them.
The automaker said in a presentation for investors Wednesday that it will add about $8 billion to its EV development spending from this year to 2025. That brings the total spend to nearly $20 billion as Ford begins to develop and build batteries in a joint venture with SK Innovation of South Korea.
Ford Motor (F) accelerating investments, planned total spending on electrification to more than $30 billion by 2025
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Amanda Maceda from Radio UTD recently interviewed Jason Bobadilla also known in the local music community as Ariel & the Culture. Before becoming a solo act, Ariel & the Culture was a group of musicians that Radio UTD recorded a pseudo-stereo session in 2019.
(This interview has been edited for clarity)
Amanda Maceda: I believe now, Jason, you are a kind of solo-act, but we met you previously as Ariel & the Culture.
Jason “Ariel” Bobadilla: Correct. It was Ariel & the Culture and then COVID hit, and a lot of things changed. Some for the better, some for the worse, for everyone I’m sure. A lot of music in general, so things shifted, and then I started really enjoying working myself. I was able to look a little deeper and make all the decisions instead of just some of them because I loved everyone in Ariel & the Culture when it was a group. I’m so close with… I’m good with those people, but it’s just the direction I wanted to go in.