Ford to invest billions in EV

BBC reports that Ford will boost its investment in electric vehicles to £8bn in the next five years, more than doubling a previous commitment.

Chairman Bill Ford said the car maker would have 40 hybrid and fully electric vehicles in its range by 2022.

Speaking at the Detroit Auto, Bill Ford said the firm would offer 16 fully electric vehicles by 2022 and 24 plug-in hybrids. ‘We’re all in on this and we’re taking our mainstream vehicles, our most iconic vehicles, and we’re electrifying them,’ said Ford. ‘If we want to be successful with electrification, we have to do it with vehicles that are already popular.’