Posted on 07/28/2022 10:55:54 AM PDT by Red Badger
F 150 Lightning charging a Mustang Mach E
Ford expects demand for its F-150 Lightning, Mach-E and the rest of its EV portfolio to grow significantly over the next few year. Ford
What's happening
Ford announced its plans to ramp global electric truck, van and SUV production up to 600,000 units annually by 2023.
Why it matters
Demand for EVs (and the batteries that power them) is expected to accelerate dramatically over the next few years.
What's next
Ford will begin using new, less expensive batteries in the Mustang Mach-E next year and in the F-150 Lightning by 2024.
A question often raised by electric vehicle naysayers, believers and manufacturers alike is, where are we going to get the materials and batteries to power all of these EVs? Ford is confident that it has the answer, announcing Thursday that it has secured materials contracts that will enable a global production capacity of around 600,000 EVs annually by late 2023 and scale to an annual output of over 2 million vehicles by 2026.
Ford cites an EY study saying more than half (52%) of global consumers intending to buy a car in the next two years intend to choose an EV or hybrid electric vehicle. Here in the US, that number drops to 29% of surveyed shoppers, but that's still a lot of demand for electric cars and the batteries to run them. Ford's supply chain solution is twofold: It's diversifying its battery chemistries and partnering with multiple battery and materials suppliers around the world to build the 60 gigawatt hours' worth of battery capacity it'll need each year to meet demand.
The automaker says that it will begin adding lithium iron phosphate (LFP) cell chemistry into its product portfolio alongside the current nickel cobalt manganese (NCM) packs beginning with the Mustang Mach-E next year and the F-150 Lightning electric pickup in 2024. LFP has the advantage of using less rare materials in its chemistry, making it easier to source and less expensive per kilowatt-hour, about 10% to 15% less expensive according to Ford's estimates.
Ford's announced partnerships with Contemporary Amperex Technology, LG Energy Solutions and SK On will support the full goal of 600,000 global EVs annually. Ford said it expects it'll be building 270,000 Mustang Mach-Es for North America, Europe and China, 150,000 North American F-150 Lightnings and 150,000 Transit EVs for North America and Europe each year by the end of 2023. The automaker also has plans to introduce an annual run of 30,000 examples of an all-new European SUV within the same time frame.
Looking further down the line, Ford expects EV adoption rates to continue to accelerate over the next decade. To keep up with the growth, it's also announced a goal of an annual run of 2 million EVs globally by 2026 and that it has sourced about 70% of the future materials capacity needed (about 1.4 million cars' worth) toward hitting this mark. The plan includes around 40 GWh per year of LFP production capacity and utilization in North America by 2026 along with continued cooperation with CATL for global battery supply. Other direct partnerships with mining companies will provide Ford with sourcing of battery raw materials in North America, Australia, Indonesia and other global sources.
Depending on where you live it’s already that high. So far it appears to be a state issue. A few states won’t sell new gas vehicles after 2030. Nothing is going to take-off until we move to 6G and higher. They need it to run Ai and EV’s et al. Right now the grid can barely keep up with air conditioning. Once 6G starts, buckle your seat belt. 🚀
We have a long way to go until we get to where we need to be in 2030. Yeah, 6G will be here soon enough. The grid, is another story, though. Like you said, we are barely able to keep up with our air conditioning.
7. Infrastructure, charging stations, power plants
Most of it’s complete, the biggest issues are the grid, 6G and cyber security since Ai will be fully functional. I think it’s interesting 6G is projected to come out around 2030 (commercially). It’ll be the best indicator of where we are at.
It will be much worse than that. This is only one of several ongoing attacks the western world economies.
The majority of people do not want EVs. They are too expensive and make little economic or practical sense. When you consider the energy inputs required to build an EV and end of battery life disposal they do not even make environmental sense.
If everyone could even afford to switch to EVs the power grid would need to be expanded 6 to 10 times.
Initially the majority of consumers will do their best to avoid buying an EV and there will be little interest in buying used EVs with worn out batteries. Think how many people who, by choice or necessity buy/drive used vehicles will be forced out of the market.
There will be a rush to buy from the remaining manufactures producing new ICE vehicles. Good quality used ICE vehicles will become scarce. Prices of both will explode and more and more people will try to keep their their old ICE vehicles running. Think of Cuba...still driving cars from the 1950s/60s; until the EPA bans ICEs and gasoline all together.
Add all the other green bullshit they are shoving down our throats and one can see the western world falling into chaos in the next few years. That will be the time China makes their move to stick to the West.
It is all going according to the Great Reset plan. A Trump or DeSantis presidency in 2024 is not part of that plan.
Made me chuckle...
AOC explains: “Details, details. Don’t worry about it. We’ll figure it out as we go along.”
Yeah that’s a problem. I just don’t buy new cars anymore. Probably doesn’t help much.
This is how they FORCE the people into EVs
Stop making new ICE cars and trucks.
Stop making Gasoline and Diesel fuels.
Stop drilling for OIL resources.
Stop building ne refineries.
They are either INSANE, EVIL or BOTH..........................
And when we’re stuck with EVs the government will be able to shut down travel at a whim. I probably won’t be able to travel at that point due to my posts on FR years prior.
Just keep pushing your rare-earths pollution China-loving solar b.s.
Good luck pushing your 100 mile range in cold weather zero-sun days winter in the northeast fools-errand golf-carts.
Ass.
Moderators:
Someone ban this arrogant jerk from the platform.
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