“As I said, multibillion dollar opportunity over the next couple of years.”

In context

“l be able to carry that into the second half of the year. Operator: [Operator Instructions] Our next question will come from Mark Delaney with Goldman Sachs. Mark Trevor Delaney: I just had a question around the changing emissions policy environment. I'm hoping you can better -- help investors better understand how Ford is balancing the opportunity to see improved mix and lower costs as a result of the change in emission policies in the U.S., while also remaining competitive with your EV technology, including relative to the Chinese domestic OEMs that are increasingly selling their vehicles on a more global basis? James Duncan Farley: Yes, we're already reducing our credit buys. We are changing our mix towards the fourth quarter of this year, and we see a pretty big opportunity next year. As I said, multibillion dollar opportunity over the next couple of years. On the EV side, I'm really excited to show everyone where we're going on our EV, we've been busy the last 3 years kind of behind the curtain, no one could really see how we're allocating our capital and what our new EV strategy. We are out of sync in a good way with our competitors who are now fully loaded with all their EVs, and they'll have to commit to them for a full cycle of product. Ours is coming out in the next year or starting. So you're going to see a lot of news from Ford on our EVs and our strategy is very simple. We believe the only way to really compete effectively with the Chinese over the globe on EVs is to go and really push ourselves to radically reengineer and transform our engineering, supply chain and manufacturing process. And that will come to life soon, and I'm exc”