Monday 22 February 2021

Ford commits to 100% EVs in Europe by 2030, investing $22bn in the process

Ford commits to 100% EVs in Europe by 2030, investing $22bn in the process

Motor company Ford has announced that by 2030, all its vehicles in the European market will be electric or plug-in hybrid.

It has committed to the entirety of its commercial range being electric, zero-emissions capable or plug-in hybrid by 2024 and says its passenger range will follow suit by 2026.

The commitment follows Ford’s recent announcement of its plan to invest $22 billion (£15.7bn) into electrification globally throughout 2025, which is almost double the amount it had planned to previously invest.

The company’s all-electric plans are demonstrated by its $1 billion (£713m) investment to convert its facility in Cologne, Germany, into the ‘Ford Cologne Electrification Centre’.

The facility’s sole purpose will be for the manufacturing of electric vehicles (EVs) and is the first of its kind for Ford in Europe.

President of Ford in Europe, Stuart Rowley, stated: “Our announcement today to transform our Cologne facility, the home of our operations in Germany for 90 years, is one of the most significant Ford has made in over a generation. It underlines our commitment to Europe and a modern future with electric vehicles at the heart of our strategy for growth.”

Written by

Bruna Pinhoni

Trending Articles