Autos

Ford to only sell full-electric cars in Europe by 2030


Ford said it will sell only full-electric passenger cars in Europe by 2030 as part of a new growth strategy in the region.

The move will be supported by the company’s strategic alliance with Volkswagen Group to use VW’s MEB electric-car platform, Ford said in a statement on Wednesday.

Ford will invest $1 billion in a new electric vehicle manufacturing center at its factory in Cologne, Germany, as part of the electric-only transformation.

The automaker’s first European-built, mass-market full-electric car will roll off the lines in Cologne starting in 2023, Ford said. The factory, which currently builds the Fiesta small hatchback, will have the potential to build a second full-electric vehicle. Ford will continue Fiesta production in parallel with the new EV before eventually going all-electric.

“We successfully restructured Ford of Europe and returned to profitability in the fourth quarter of 2020. Now we are charging into an all-electric future in Europe,” Ford of Europe President Stuart Rowley said in the statement.

The announcement underlines Ford’s “commitment to Europe and a modern future with electric vehicles at the heart of our strategy for growth,” he said.

Rowley told Automotive News Europe last year that Ford’s MEB-based electric cars will be “highly differentiated” from VW’s ID range of battery-powered vehicles.

As an interim step to becoming all-electric, all Ford passenger vehicles sold in Europe will be have battery or plug-in hybrid drivetrains by mid-2026.

Ford said it will also “substantially electrify” its commercial vehicle range.

The company’s commercial vehicle range in Europe will be full-electric or plug-in hybrid by 2024 and the company expects two-thirds of commercial van sales to be all-electric or plug-in hybrid by 2030. The company gave no date for the end of combustion engine availability in its vans.

READ  Porsche to Double Production of the Taycan Electric Sedan



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.