Bloomberg is reporting how much Ford plans to spend as part of their shift to EVs.
"Ford will spend as much as $20 billion to reorganize its business for the electric future, according to Bloomberg. The automaker is also mulling whether to spin off some of its EV business as a special acquisition company (SPAC) in order to attract more investment. Ford has previously stated that it would spend $30 billion on electric and autonomous vehicle development by 2025."