- The investment is part of Ford’s plans to invest more than $11.5 billion in electric vehicles through 2022.
- Ford recently has announced $3.2 billion in new investments for new all-electric vehicles such as the van and an all-electric version of the F-150 pickup.
- The electric van will go on sale in late 2021, followed by the all-electric F-150 pickup in 2022.
The first production Ford Transit commercial van waits on the assembly line to be unveiled at the Ford Kansas City Assembly Plant April 30, 2014, in Claycomo, Missouri.Getty Images
Ford Motor plans to invest $100 million in a plant in Missouri to produce an all-electric version of its Transit van, which the company is scheduled to unveil Thursday.close dialogEveryone will cover the electionWe cover what it means
for your portfolioSTART FREE TRIAL
The investment is part of Ford’s more than $11.5 billion in spending on electric vehicles through 2022, including $3.2 billion set aside for several new all-electric vehicles such as the Transit van and an EV version of the F-150 pickup.
“We’re taking our most iconic vehicles and using fully electric technology to deliver even more performance, productivity and capability for customers,” Kumar Galhotra, Ford president, Americas and international markets group, said in a statement. “We are building out the North American manufacturing footprint to support this growth. This is just the first chapter with more new electric vehicles and more investment to come.”WATCH NOWVIDEO15:25Why Ford is risking the Mustang to take on Tesla
The electric van will go on sale in late 2021, follo