https://apnews.com/d874b87e8b7f9e2aa25330b31040c8d4

DETROIT (AP) — Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it's spending to develop them.

Ahead of a presentation to Wall Street on Wednesday, the automaker says it will add about $8 billion to its EV development spending from this year to 2025. That would bring the total to nearly $20 billion as Ford begins to develop and build batteries in a joint venture with SK Innovation of Korea.