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Ford to invest $27 billion in electric and autonomous tech development

The world's fifth largest automotive manufacturer has announced its intention to invest heavily in electric and autonomous technologies.


Ford will invest US$22 billion (AU$28 billion) in electric vehicle development by 2025, the US manufacturer has announced.

In a statement following the release of the brand's fourth-quarter 2020 earnings report, it was also confirmed that a further US$7 billion (AU$9.2 billion) would be spent on expanding autonomous vehicle technologies.

It is unclear if these figures take into account money that will go towards Ford’s joint EV ventures such as Rivian, or instead if refers solely to spending earmarked for in-house development.

Ford does not currently offer a fully-electric vehicle in its consumer range, however the Mustang Mach-E performance SUV (shown below) is slated for launch later this year, and will likely be followed by an electrified variant of the F-150 pick-up in 2022.


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William Davis

William Davis has written for Drive since July 2020, covering news and current affairs in the automotive industry. He has maintained a primary focus on industry trends, autonomous technology, electric vehicle regulations, and local environmental policy. As the newest addition to the Drive team, William was brought onboard for his attention to detail, writing skills, and strong work ethic. Despite writing for a diverse range of outlets – including the Australian Financial Review, Robb Report, and Property Observer – since completing his media degree at Macquarie University, William has always had a passion for cars.

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