Ford announces that it will make only electric cars in Europe by 2030

Ford announces that it will make only electric cars in Europe by 2030

The company assured that by 2026 it will have electric versions of all its passenger vehicles for sale in the Old Continent.

Ford Motor Co announced that its line of cars in Europe will be completely electric by 2030, within the measures of the US manufacturer to anticipate CO2 emissions targets and looming bans in some countries on fossil fuel vehicles.

The company said it will invest $ 1 billion in modifications to its vehicle assembly plant in Cologne, Germany, to transform it into Ford's first electric vehicle facility in Europe.

Ford said its first fully electric passenger vehicle built in Europe will be assembled at the facility starting in 2023 and that it is considering building a second model at that facility.

The second-largest automaker in the United States said that by 2026 it will have electric versions of all its passenger vehicles for sale in Europe and that by 2030, two-thirds of its commercial vehicle sales in Europe will be fully electric or plug-in hybrids.

Ford currently dominates the US and European gasoline commercial vehicle markets with shares of 40% and nearly 15%, respectively.

The automaker said its commercial vehicle business is "key to future growth and profitability" and will build on new products, services and Ford's strategic alliance with Volkswagen AG.

Ford said this month that it was doubling the number of electric vehicles and spending $ 22 billion on electrification through 2025, almost double what it had previously committed to electric vehicles.

This week, Jaguar Land Rover, owned by India's Tata Motors, said its luxury brand Jaguar would be fully electric by 2025 and that it would launch electric models of its entire lineup by 2030.

Last month, Ford's rival in Detroit, the United States, General Motors Co, said it is aiming for a completely zero-emissions line by 2035.

Source: Reuters

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