The automaker will invest US$50 billion globally in electric vehicles and batteries to reach an annual production of 600,000 vehicles by the end of 2023.
Ford announced its decarbonization actions for South America with the arrival of three electrified vehicles in the region in 2023, in different market segments: the Maverick Hybrid, the Mustang Mach-E and the E-Transit.
The electrification of the portfolio is part of the company’s global environmental goals and is in line with its business model in the region, which adds up to four quarters of positive financial results.
The world is undergoing a profound transformation towards electrification and connectivity. We restructured to have that focus and adequate financial results. With these three products, we accelerated electrification in Brazil and South America, said Daniel Justo, president of Ford South America.
In addition to participating in the development of the brand’s electric vehicles and bringing them to the local market, Ford South America is contributing in other ways to the company’s global zero carbon goals and, as part of this strategy and the recent modernization of the plant in Pacheco, Argentina, the automaker signed an agreement to expand the supply of renewable electricity to the unit.
Currently, around 60% of the energy used in the Argentine plant is already renewable, from wind power. With the agreement, this rate will be raised to 80% in 2023 and reach 100% in 2024 with the addition of the use of solar energy.
Ford has a clear vision of its role in the decarbonization process, with global commitments that cascade to all regions. In South America, we are also urgently addressing the main areas responsible for the company’s carbon emissions, said Justo.
In Brazil, the Tatu Center, where tests, evaluations and approvals of vehicles and automotive systems are carried out, Ford uses 100% of renewable electricity since 2021 and maintains about 80% of its area preserved, equivalent to 3.63 million of m.
Over the next four years, Ford will invest $50 billion globally in electric vehicles and batteries to reach annual production of 600,000 vehicles by the end of 2023 and 2 million by the end of 2026.
The automaker’s global targets also include having all facilities supplied with 100% electricity from renewable sources by 2035 and achieving carbon neutrality by 2050.
