Ford is investing $4.5bn in electric vehicles 0

Ford is planning to invest $4.5 billion (£3 billion) into the research and development of its electric vehicles. The company hope that by 2020 they will have expanded their range of plug-in, hybrid and electric vehicles to include 13 new models.

The brand’s current range of electric versions of vehicles make up 13%, but chief executive Mark Fields hopes that by 2020 that number will rise to 40%. Currently Ford offer plug-in hybrid, hybrid and electric versions of their Focus, Fusion, C-Max and Lincoln MKZ cars. The only all-electric model they currently offer in the UK is the Focus Electric.

The 2016 Ford Focus Electric.

The 2016 Ford Focus Electric.

The new 2016 Ford Focus is set to have a greatly improved electric model. Ford says it will take 30 minutes to charge the battery capacity to 80%, which is two hours faster than its current time. The mileage range will also increase from 76 to 100.

After the Volkswagen emissions scandal hit in September, there has been a surge in pressure for car manufacturers to start creating greener vehicles that emit less or preferably zero emissions. Ford is one of the many other carmakers who have been announcing investments into electric development and future zero-emission concept vehicles.

The American company are also looking into the commercial ride-hailing market, which they say is worth $5 trillion. Companies like Uber and Lyft have taken over the market and are seeing huge profits, so it makes sense for Ford to want a piece of the action. The brand hopes to expand the employee van-hailing service they already have and develop it for the commercial market.

Ford’s vice president Ken Washington said: “Our vision is to be a mobility service provider, beyond building a vehicle that would be in somebody else’s fleet. We see this as a business we want to be in.”

We’re all for a greener car range, what do you think about the increase in electric development?




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