Please ensure Javascript is enabled for purposes of website accessibility

Ford Announces an All-Electric Transit Commercial Van

By John Rosevear - Mar 3, 2020 at 7:36PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The new U.S.-built vehicle will launch as a 2022 model.

Ford Motor Company (F 2.64%) said that it will offer a battery-electric version of its best-selling Transit commercial van in the United States and Canada. The new electric van is expected to go into production next year as a 2022 model. 

As it does with the current Transit, Ford will offer several variants of the electric van, including partly finished models that can be customized for the needs of commercial-fleet buyers. 

A white Ford Transit commercial van, shown on a construction site.

Going electric: Ford will launch a battery-powered version of its popular Transit commercial van by 2022. Image source: Ford Motor Company.

COO Jim Farley said that Ford expects commercial vehicles to make up a significant portion of its total electric vehicle (EV) sales within a few years. Ford will spend at least $11 billion through 2022 to develop a new range of hybrid and fully electric vehicles. It will begin production of the first of those fully electric vehicles, the Mustang Mach E crossover SUV, later this year. 

Farley said that the new electric Transit will incorporate advanced data gathering and connectivity features tailored to the needs of its commercial-fleet customers. 

"The world is heading toward electrified products, and fleet customers are asking for them now," Farley said. "We know their vehicles operate as a connected mobile business," and that their technology needs are different from those of Ford's retail customers. The new electric Transit will be tailored to meet those needs, he said. 

Ford didn't share any details about the electric Transit's battery pack, range, or performance.

The electric Transit will be built in the United States, Ford said, but the company didn't give details. The current Transit vans are built at Ford's factory in Kansas City, Missouri.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Ford Motor Company Stock Quote
Ford Motor Company
F
$12.83 (2.64%) $0.33

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/23/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.