Ford recently announced that they will be producing the electric vehicles (EVs) from its Oakville facility in Canada from the year 2024. The plant is expected to produce at least five EVs over a span of five years.
The model of 2024, for which Ford is expected to use the Oakville facility, will be based on the Mustang line-up. The automobiles are expected to be part of Ford’s growing lineup of all-electric vehicle models.
Ford has declared its commitment to investing in the Oakville facility in order to convert the plant into a modern, all-electric facility. According to the company, this will cost approximately $1.8 billion. The company plans to add various EV-related manufacturing capabilities with the construction of a new stamping plant and an all-new body shop. This will allow the company to make complex parts for the vehicles and reduce costs.
Ford has cited several strategic reasons for choosing the Oakville facility. The location offers an efficient supply chain for new technologies, provides access to experienced engineers and has a supportive local government. In addition, the Oakville facility will allow Ford to leverage the existing Mustang platform and its related components to produce electric vehicles.
The new EV line from Ford will cost approximately $1,000 less than its internal combustion engine models, making it an attractive proposition for avid Ford customers. In addition, Ford is also partnering with Google to develop the in-car entertainment systems, giving the cars a tech-savvy edge and a greater appeal.
This move into electric vehicles is Ford’s major commitment towards sustainability, with the aim of reducing emissions and pollution caused by automobiles. The company has also announced its intention of being carbon neutral by 2050.
It is expected that after the transformation to an EV manufacturing facility, the Oakville plant will be one of Ford’s most advanced automotive production sites in the world. This will also help create thousands of jobs in the region, allowing Ford to contribute to the local economy.
The collaboration between Google and Ford will also help the two companies to develop improved electric vehicles for the future. With the Oakville facility set to start production in 2024, Ford is now one step closer to realizing its goal of producing the world’s best electric cars.