Ford will unveil 40 hybrid, electric vehicles within 4 years

Ford plans to invest up to 11 billion United States dollars in the development of electric cars.

Ford is getting prepared for tougher pollution standards in countries all around the world, as China, UK, France, and Germany have already planned, or are planning, to ban the sale of conventional combustion engine vehicles.

The funding pledge is more than double the $4.5bn the company said it would invest between 2015 and 2020 on bringing new electric vehicles (EVs) to market.

The American auto giant said the increased spending will lead to 16 fully electric and 24 hybrid and plug-in hybrid models.

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USA auto giant Ford will massively increase investments in electric vehicles and roll out 40 hybrid and electric vehicles by 2022, executive chairman Bill Ford said Sunday at the 2018 North American International Auto Show here. By the end of 2015, the concern said it would invest 4.5 billion Dollars by the end of the decade, but now raises the investment and targets.

"The only question is will the customers be there with us and we think they will".

Of the planned 40 electric models, 16 will be entirely electric.

Ford has been lagging behind in all-electric vehicle programs since its first vehicle created to be electric from the ground up is only planned for 2020.

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General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles.

Now it looks as if the Mach 1 will represent Ford's assault on the Tesla Model X in 2020 as part of Ford's plan of "electrifying the iconic nameplates".

Ford has said that the focus will be on creating electric versions of now existing models, although did not rule out new models on the way.

Speaking at Auto Show on Sunday, Mr Ford said the focus would be on electrifying existing Ford models without naming any specific cars.

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"This $11bn you're seeing, that means we're all in now", he said.