Ford invests one billion in a bid to go all electric by 2030

Investing in an environmentally-friendly future, US auto giant Ford has
launched a one billion dollar drive in Germany in an attempt to makes all
passenger vehicles electric in Europe by 2030, AFP reported. Ford said that it will
begin the production of its first European-built all-electric passenger vehicle
for European customers from 2023. The assembly plant in Cologne, the home of
Ford Europe, will undergo an upgradation to advance the company’s “ell-electric
future.”

The company said in a statement that “by mid-2026, 100 percent of Ford’s passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid, and will be completely all-electric by 2030.”

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The entire commercial vehicle range by Ford will be zero-emissions
capable, all-electric or plug-in hybrid , with two-thirds of Ford’s commercial
vehicle sales expected to be all-electric or plug-in hybrid by 2030.

European Union issued a legislation that came into force last year
according to which manufacturers’ fleets of newly sold cars must emit on
average less than 95 grams of CO2 per kilometre, or face hefty fines from 2021.

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To comply with the new EU pollution limits, auto companies across the
industry must massively increase their sales of electric and hybrid cars.

German manufacturer Volkswagen said last month that CO2 emissions from
its passenger-car fleet had decreased “by around 20 percent”
year-on-year, helped by a fourfold increase in the numbers of electric and
hybrid vehicles sold in Europe.