Ford Will Spend $4.5 Billion On Electric Car Plans

It goes without saying that electric cars are going to be a part of our future. Sure, fossil fuel powered cars have been around for a very long time, but now it seems like the world is ready to move on to more sustainable methods of powering a car. Companies like Tesla have already been leading the charge but now you have conventional manufacturers getting in on the action as well. Ford has announced that it’s going to spend $4.5 billion on its electric car plans and aims to have at least 13 electric cars on the road by the end of this decade.

This commitment, which was announced from the company’s Dearborn headquarters, is perhaps the most ambitious commitment that Ford has ever made to electric cars.

Volkswagen is due to unveil a new electric car at CES next month, Porsche has given the go ahead for a production version of its all-electric performance car, Chevrolet has a new model on the production line and even Tesla will debut a much more affordable model in 2016.

Ford can’t afford to be left behind and that’s why it’s making such a big commitment. One of the cars in Ford’s all electric lineup will be a new Focus that will feature accelerated charging, being able to reach 80 percent in half an hour, and have a range of about 100 miles. The company also plans to offer about 40 percent of its products in all electric variants down the line.

The company also has a new hybrid in the pipeline, it’s likely going to show off the Fusion Energy plug-in hybrid at the North American International Auto Show in 2016.

Adnan Farooqui
Categories: Transportation
Tags: Electric Cars, ford, Tesla