Ford Motor Company announced that it will join the First Movers Coalition, a global initiative to harness purchasing power and supply chains to create early markets for innovative clean energy technologies. Ford manufactures more vehicles in the U.S. and employs more hourly workers in America than any other automaker.More than 50 companies with a collective market value of about USD 8.5 trillion across five continents now make up the coalition to help commercialize zero-carbon technologies. For its part, Ford is committing to purchase at least 10% near-zero carbon steel and aluminum by 2030. The company is working to achieve carbon neutrality globally across its vehicles, operations and supply chain no later than 2050 and to reach science-based interim targets by 2035.To compete and win in a new era of electric and connected vehicles, Ford plans to invest more than $50 billion globally from 2022 through 2026 to develop electric vehicles and the batteries that power them. These investments will create new jobs and grow a supply chain that upholds Ford’s commitments to sustainability and human rights.Ford already recycles up to 20 million pounds of aluminum each month at its Dearborn Stamping, Kentucky Truck and Buffalo Stamping facilities. Making recycled aluminum only takes around 5% of the energy needed to make new aluminum, according to the Aluminum Association.
Ford Motor Company announced that it will join the First Movers Coalition, a global initiative to harness purchasing power and supply chains to create early markets for innovative clean energy technologies. Ford manufactures more vehicles in the U.S. and employs more hourly workers in America than any other automaker.More than 50 companies with a collective market value of about USD 8.5 trillion across five continents now make up the coalition to help commercialize zero-carbon technologies. For its part, Ford is committing to purchase at least 10% near-zero carbon steel and aluminum by 2030. The company is working to achieve carbon neutrality globally across its vehicles, operations and supply chain no later than 2050 and to reach science-based interim targets by 2035.To compete and win in a new era of electric and connected vehicles, Ford plans to invest more than $50 billion globally from 2022 through 2026 to develop electric vehicles and the batteries that power them. These investments will create new jobs and grow a supply chain that upholds Ford’s commitments to sustainability and human rights.Ford already recycles up to 20 million pounds of aluminum each month at its Dearborn Stamping, Kentucky Truck and Buffalo Stamping facilities. Making recycled aluminum only takes around 5% of the energy needed to make new aluminum, according to the Aluminum Association.
