But Hackett's successor, Jim Farley, says the automaker will need numerous battery plants, and its next step will be to allocate money for them.
The about-face follows Ford's move to roughly double its investment in electrification, the start of a new White House administration that prioritizes EVs and investments by key competitors in their own battery plants. The ongoing semiconductor shortage also has prompted executives, Farley included, to rethink how they source critical components.
"A lot of things have changed in the last year," Sam Fiorani, vice president at AutoForecast Solutions, told Automotive News.
For starters, Ford is finally selling a full EV in the Mach-E, and it committed $22 billion toward electrification through 2025. The automaker plans to sell only EVs in Europe by 2030, and its F-150 EV is coming to the U.S. next year.
Farley has likened the EV revolution to the early stages of a baseball game.
"In the first inning, you could buy batteries and you could cherry-pick the technology, energy density and cost from multiple sources," Farley said in an interview last week.
"We're in the second inning now. The volumes are going to grow. We've committed $22 billion to converting the factories and engineering the new products. The next thing is going to be allocating the cost of batteries. Our $22 billion does not include any resources for batteries. So you can imagine and you can expect from Ford lots of announcements."