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Ford introducing 13 new electric car models by 2020
Ford to spend $4.5 billion by 2020 on electric vehicles
Alisa Priddle, Detroit Free Press 6:39 p.m. EST December 10, 2015
DEARBORN -- Ford announced its largest five-year investment ever in electrified vehicles, with a pledge to spend $4.5 billion and introduce 13 new models by 2020, CEO Mark Fields announced today.
Fields said 40% of nameplates globally will be electrified by the end of the decade, up from 13% now. They will be a mix of hybrids, plug-in hybrids and full battery-powered electric vehicles.
It's a move driven by customer demand as well as the need to meet fuel efficiency standards, Fields said.
Among the plans is an update to the Ford Focus electric vehicle coming at the end of 2016 for North America and Europe. It will have an improved range of 100 miles and can reach 80% of its charge in 30 minutes, considered the maximum length of time consumers will easily tolerate. The current Focus Electric has a range of 76 miles and can be fully charged in 3.5 hours with a 240-volt outlet. Getting to an 80% charge takes about 2.5 hours.
Even with a 100-mile range...
From the Detroit Free Press: http://www.freep.com/story/money/cars/ford/2015/12/10/ford-spend-45-billion-2020-electric-vehicles/77076192/Alisa Priddle, Detroit Free Press 6:39 p.m. EST December 10, 2015
DEARBORN -- Ford announced its largest five-year investment ever in electrified vehicles, with a pledge to spend $4.5 billion and introduce 13 new models by 2020, CEO Mark Fields announced today.
Fields said 40% of nameplates globally will be electrified by the end of the decade, up from 13% now. They will be a mix of hybrids, plug-in hybrids and full battery-powered electric vehicles.
It's a move driven by customer demand as well as the need to meet fuel efficiency standards, Fields said.
Among the plans is an update to the Ford Focus electric vehicle coming at the end of 2016 for North America and Europe. It will have an improved range of 100 miles and can reach 80% of its charge in 30 minutes, considered the maximum length of time consumers will easily tolerate. The current Focus Electric has a range of 76 miles and can be fully charged in 3.5 hours with a 240-volt outlet. Getting to an 80% charge takes about 2.5 hours.
Even with a 100-mile range...
