Ford follows trend, invests €4bn in eco-cars
Ford plans to invest an additional €4bn by 2020 in programs to broaden its offerings of hybrids and electric vehicles, accoding to Mark Fields, chief executive officer of the motoring giant.
Fields said the motor giant will launch a new version of its Ford Focus electric car that will have a 100-mile range and can recharge in 30 minutes, late next year.
Ford also plans to add 13 new plug-in hybrid, and hybrid or electric vehicles to its lineup by 2020, moving to more than 40pc the share of the company's vehicle lines that will be electrified.
Fields said the company sees plug-in hybrid systems - which allow drivers to operate part of the time on batteries charged from the grid, part of the time on petrol - as the solution many customers will prefer. The batteries for plug-in hybrids are not as heavy or expensive as those required to deliver 200-mile or more range in an all-electric vehicle.
In November, Ford chairman Bill Ford told the Sunday Independent that the recent scandal involving Volkswagen's diesel controversy "may" persuade more people to switch to electric cars.
Sunday Indo Business