Ford Motor Company has announced plans to invest $11.4 billion in electric vehicle production by 2025.

Ford Motor Company has announced plans to invest $11.4 billion in electric vehicle production by 2025. As part of this investment, the company plans to build two new electric vehicle manufacturing plants in the United States, as well as expand its EV charging network.

The two new plants, which are expected to create thousands of new jobs, will be located in Kentucky and Tennessee and will produce a range of electric vehicles, including the F-150 Lightning electric pickup truck and the E-Transit electric cargo van.

In addition to expanding its EV production capacity, Ford also plans to invest in its EV charging infrastructure. The company aims to deploy more than 40,000 charging stations across North America by 2030, with a focus on providing access to charging for Ford customers and other electric vehicle owners.

According to Jim Farley, CEO of Ford, "We're committed to investing in electric vehicles and sustainable mobility solutions, and this investment represents a major step forward in that direction. By building two new electric vehicle manufacturing plants and expanding our EV charging network, we're not only creating jobs and supporting the transition to electric vehicles, but we're also helping to reduce carbon emissions and build a more sustainable future."

This investment by Ford is a significant commitment to the transition to electric vehicles and the expansion of EV charging infrastructure. With more and more automakers investing in electric vehicle production and charging infrastructure, we can expect to see continued growth in the EV market in the coming years.