Ford Historic EV Corporate Development: EV & Legacy Co'sFord CEO announces historic decision to create a separate Electrical Vehicle company from the legacy gasoline engine corporation (essentially, a spin-off EV company).
Undoubtedly, this will accelerate Ford's plans to raise sufficient capital to ramp up its global EV business and accelerate the production of electric vehicles globally (especially the new Ford F-150 truck).
In light of the current energy crisis in Europe and the move to minimize the exports of energy from Russia and Belarus, the timing by Ford to emphasize the focus to EV's is essential, and probably more important at this time in Europe to move rapidly to ramp up EV production for the European vehicle buyer in an attempt to make some degree of a dent in Europe's demand for Russian and Belarus energy exports.