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Ford - R&D costs 2013-2020

Ford’s research and development (R&D) expenditures came to about 7.1 billion U.S. dollars in 2020. The Michigan-based company appears to be adapting to altered fuel economy regulations and the declining demand for sedans and smaller cars in the United States by developing new designs and products.

Focus of research and development activities

In light of an increased concern from consumers and policymakers about the impact of fossil fuels on carbon dioxide emissions, Ford is working on a new fleet of electric vehicles with a goal of having sixteen plug-in electric vehicle models to market through 2022. In June 2020, it was announced that Ford will gain access to Volkswagen's modular electric drive (MEB) architecture to assemble electric vehicles (EVs). This move put a halt to a planned partnership between Ford's Lincoln brand and unicorn Rivian to build EVs.

Another focus of Ford’s research and development department is artificial intelligence (AI). For example, Ford has invested more than one billion U.S. dollars in Argo AI, the most well-funded U.S.-based AI startup. Ford uses Argo AI technology in its vehicles; partially autonomous cars are expected to become a large market by 2025, valued at 36 billion U.S. dollars.

Ford's engineering, research, and development expenditures from FY 2013 to FY 2020

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Source

Release date

February 2021

Region

United States

Survey time period

FY 2013 to FY 2020

Supplementary notes

The figures 2013 to 2017 have been taken from previous editions of the study.

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Statistics on "Car brands: Ford"

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