The annual Mackinac Policy Conference brings together Michigan’s most influential leaders to discuss global economic issues. At the conference, Ford Motor Company's Executive Chair Bill Ford sat down with CNN’s Fareed Zakaria to talk all things auto, the energy transition and American competitiveness in manufacturing.
Here’s what he had to say:
The rest of the world is moving faster than we are in the EV revolution. "Right now, the technology largely is outside America. We feel it’s really important, as does the administration, to build an American supply base as we transition from internal combustion engines to electric vehicles."
Making things in America matters. "If we outsource it all, we're not going to have a strong economy. That’s for sure. The other thing is that the multiplier effect of a manufacturing job is much greater than any other part of the economy."
It’s important to have a mix of vehicles. "One of the questions I'm frequently asked is: How quickly is this going to happen and what is the adoption rate? The short answer is we don't know. … And if this thing all breaks much faster than what I just described, we'll be ready."