Ford is quickening its pace towards the mass production of electric vehicles (EVs) and is researching how the mining industry can help it achieve its goals.
“There are tremendous investments taking place at every level to achieve this radical revolution in the automotive industry,” Ford energy storage, strategy and research senior manager Ted Miller told delegates at the Investing in African Mining Indaba, in Cape Town.
He added that Ford and its competitors had made significant investments and expected suppliers to do the same.
“Everyone is committed but we are finding that we have to take this to further levels of engagement. We’ve had ongoing discussions with suppliers of raw materials, processed material and even mining sources to ensure that customers ultimately get the vehicles they need in future.
“We have a five to ten year runway for EVs to start coming out of production in the right volumes. We finally have the confidence to make the investments. Until recently, there has not been enough scale to make investments.” Miller said the company was working with material producers.
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