Ford set to invest £3 billion into electric vehicles

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Ford set to invest £3 billion into electric vehicles

The carmaker Ford, is set to invest $4.5bn (£3bn) in electric vehicles over the next five years as part of global manufacturers plans to overhaul their product range.

The US company will launch a total of 13 eco-friendly vehicles by 2020. Meaning that by this date, 40% of their models will come in electric versions; this currently stands at 13%.

Ford’s investment in electric vehicles will include hybrid cars that still have a traditional engine, but also pure battery-powered vehicles.

The new models will include an updated Ford Focus which will charge quicker and will also have a larger range. The car can be charged to 80 per cent in half an hour and has a projected 100 mile radius. It is planned that the Focus will be released in 2017, with production starting late 2016.

Raj Nair, chief technical officer at Ford, said “The challenge is to best organise our technology in a way that excites and delights people. By observing consumers, we can better understand which features and strengths users truly use and value and create even better experiences for them.”

To test an electric car or to find out more about the benefits of renting an electric vehicle, contact Green Motion today on 0333 888 4000.

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