Ford mentioned it’s going to promote solely full-electric passenger vehicles in Europe by 2030 as a part of a brand new progress technique within the area.
The transfer will likely be supported by the corporate’s strategic alliance with Volkswagen Group to make use of VW’s MEB electric-car platform, Ford mentioned in a statement on Wednesday.
Ford will make investments $1 billion in a brand new electrical automobile manufacturing heart at its manufacturing unit in Cologne, Germany, as a part of the electric-only transformation.
The automaker’s first European-built, mass-market full-electric automotive will roll off the strains in Cologne beginning in 2023, Ford mentioned. The manufacturing unit, which presently builds the Fiesta small hatchback, can have the potential to construct a second full-electric automobile. Ford will proceed Fiesta manufacturing in parallel with the brand new EV earlier than finally going all-electric.
“We efficiently restructured Ford of Europe and returned to profitability within the fourth quarter of 2020. Now we’re charging into an all-electric future in Europe,” Ford of Europe President Stuart Rowley mentioned within the assertion.
The announcement underlines Ford’s “dedication to Europe and a contemporary future with electrical autos on the coronary heart of our technique for progress,” he mentioned.
Rowley informed Automotive Information Europe final yr that Ford’s MEB-based electric cars will be “highly differentiated” from VW’s ID vary of battery-powered autos.
As an interim step to changing into all-electric, all Ford passenger autos offered in Europe can have battery or plug-in hybrid drivetrains by mid-2026.
Ford mentioned it’s going to additionally “considerably electrify” its industrial automobile vary.
The corporate’s industrial vans in Europe will likely be full-electric or plug-in hybrid by 2024 and the corporate expects two-thirds of economic automobile gross sales to be all-electric or plug-in hybrid by 2030. Ford gave no date for the top of combustion engine availability in its vans.