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High Point (NC), U.S.
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05 June, 2021 - 09 June, 2021
High Point, North Carolina, U.S.
The car manufacturer said that by mid-2026, 100% of its passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid, moving to all-electric by 2030.
Ford announced that it is taking a significant step forward in its European transformation with a commitment to go all-in on its electric passenger vehicles and to substantially grow and electrify its leading commercial vehicle business. By mid-2026, 100% of Ford’s passenger vehicle range in Europe is to be zero-emissions capable, all-electric or plug-in hybrid, and will be completely all-electric by 2030. Similarly, Ford’s entire commercial vehicle range will be zero-emissions capable, all-electric or plug-in hybrid, by 2024, with two-thirds of Ford’s commercial vehicle sales expected to be all-electric or plug-in hybrid by 2030. The news comes after Ford reported a return to profit in Europe for the fourth quarter of 2020. The carmaker also announced that it is investing at least US$22 billion globally in electrification through 2025, nearly twice the company’s previous EV investment plans.
Spearheading Ford’s advance into an all-electric future is a new US$1 billion investment to modernise its vehicle assembly facility in Cologne, Germany, one of its largest manufacturing centers in Europe and the home of Ford of Europe. The investment is expected to transform the existing vehicle assembly operations into the Ford Cologne Electrification Centre for the manufacture of electric vehicles, Ford’s first such facility in Europe. Ford also confirmed that its first European-built, volume all-electric passenger vehicle for European customers will be produced at the facility from 2023, with the potential for a second all-electric vehicle built there under consideration.