Making electric vehicles will require 40 per cent fewer workers than building cars and trucks powered by petrol, the chief executive of Ford has declared, saying the carmaker needs to produce more parts in-house so that “everyone has a role” in the transition.
Jim Farley warned on Tuesday of “storm clouds” in the next phase of switching to EVs. His company has set a goal of half of global sales coming from EVs by 2030, part of a broader shift among manufacturers.
“It takes 40 per cent less labour to make an electric car, so . . . we have to insource, so that everyone has a role in this growth,” Farley said at a conference in Detroit focused on improving racial diversity in the auto industry.
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