Ford will unveil 40 hybrid, electric vehicles within 4 years
01:12, Jan 16, 2018
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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.
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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