Ford's River Rouge Plant Expansion Shows Rising Consumer Interest in Electric Vehicles - Freedonia Group Comments

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Sep 18, 2020, 14:56 ET

CLEVELAND, Sept. 18, 2020 /PRNewswire/ -- For many drivers, nothing is more quintessentially "American" than a large pickup barreling down the highway. To others, however, this is problematic, as pickup trucks are far less fuel-efficient than other vehicles – to say nothing of the carbon footprint generated by all of these trucks.

Thus, the recent announcement by Ford Motor Company that it is expanding its famed River Rouge plant to build electric-powered F-150 pickup trucks by 2022 will be music to the ears of both truck enthusiasts and environmentalists alike – to say nothing of those who will be hired to staff this facility.

Indeed, this announcement reflects two somewhat contradictory yet American trends. Demand for pickup trucks, SUVs, and other large vehicles continues to climb as Americans look for vehicles that have more cargo and carrying capacity, higher drivers' seats that provide improved visibility, and better safety records in collisions. But, interest in electric vehicles has also risen as consumers consider their benefits. In addition to environmental factors – electric vehicles do not generate carbon emissions and pollutants, and can be powered (in some cases) by renewable energy sources – there are also concrete economic benefits to electric vehicles – many drivers appreciate never having to empty their wallets while filling up at the pump!

As demand for electric automobiles is expected to rise, Ford anticipates that truck owners – known to passionately brand loyal – will be able to shift their allegiances to electric-powered pickup trucks with much less difficulty.

For more information and discussion of opportunities, see The Freedonia Group's extensive collection of off-the-shelf research including the soon-to-be-published Global Motor Vehicle Outlook, as well as Global Motorcycles, Global Buses. Related Focus reports include Motor Vehicles: United States, Hybrid & Electric Light Vehicles: United States, Bicycles: United States, and Global Medium- & Heavy-Duty Trucks & Buses. Freedonia Custom Research is also available for questions requiring tailored market intelligence.

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

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SOURCE The Freedonia Group