Ford will spend $30 billion on electric vehicles by 2025, and says 40 percent of its global fleet will be all-electric by 2030. The company is working on all-electric versions of its Explorer SUV. And it’s developing two new electric vehicle platforms: one that will power full-size pickup trucks, and one that can easily flex between all- and rear-wheel drive to fit multiple vehicle types.
The company had previously committed $22 billion to EVs and had announced a goal to be all-electric in Europe by 2030.
Ford is also creating a standalone business for its commercial vehicle division called Ford Pro. The company hopes that by offering more dedicated services to these customers, it can build on what is already a dominant position, as it…