Ford to double electric F-150 production
Ford Motor Co. said on Tuesday that it's doubling production capacity for the forthcoming electric F-150 pickup to 150,000 annually to help meet demand for the vehicle.
Why it matters: Ford's F-series pickups have been the best-selling vehicles in the U.S. for decades, making the electric version a key indicator of whether pickups with a plug will find a mass market.
- It's also part of a wider competition in the electric pickup market among legacy automakers and startups.
Driving the news: Ford's announcement comes a day before GM unveils its electric Silverado.
What's next: Deliveries of the Ford begin this spring. Ford plans to reach the 150,000 production capacity level by mid-2023, TechCrunch reports.
The starting price is $39,974 without federal tax incentives. It ranges up to $92,000, depending on configurations, per the Detroit Free Press.