Ford Motor Co. on Monday announced some key advancements in its electrification strategy in Europe, including the introduction of seven new all-electric passenger vehicles and vans by 2024, as well as a new joint venture to boost battery production in the region.
The company said it now expects its annual EV sales in Europe to exceed 600,000 units in 2026 as it targets 2 million EV sales globally in that timeframe. It also reaffirmed its target of hitting 6% operating profit margins in Europe in 2023, and a company-wide margin of 10% by 2026.
Meanwhile, Ford announced it is now targeting zero emissions for all vehicle sales in Europe and carbon neutrality across its European footprint — including facilities, logistics and suppliers — by 2035.
