ford motor co is considering separating its electricvehicle operation from its legacy car and truck manufacturing a move seen boosting its competitiveness against singularly evfocused makes such as tesla inc according to a bloomberg news report friday ceo jim farley would separate evs from ford’s internal combustion engine lines and has even considered spinning off one or the other people familiar with the effort told bloomberg a spinoff could generate the kind of earnings multiples that have given tesla tsla a market value approaching 1 trillion the article surmised read biden nears reinstatement of waiver for california and other states to set own vehicle emissions standards but ford has already said it has no immediate plans for a challenging spinoff instead there could be an internal separation into an ev unit part of a broader reorganization the source told the news outlet ford shares f are up more than 3 in morning trading though the stock has dropped 13 so far this year it’s still up nearly 56 from february 2021 the dow jones industrial average djia is up 85 over the past year farley took to twitter late last year to say the auto maker would do “whatever it takes” to become the second largest electricvehicle maker market tracker lmc automotive expects evs to make up 342 of new us sales by 2030 with allelectric at 301 and plugin gaselectric hybrids at 41 sales of evs including plugin hybrids were only about 4 of total us vehicle sales in 2021 still that marked a doubling from just a year earlier