The Ford Focus Electric remains the same basic compliance auto launched for the 2012 model year, with only a boost in battery capacity last year to bring it to 114 miles of range. For as little as $3, you can help us. The revelation came after other manufacturers in General Motors, Toyota and Volkswagen already revealed their ambitious electric vehicles plans.
Ford says it will boost its investment in electric vehicles to $11bn (£8bn) in the next five years, more than doubling a previous commitment.
FORD will increase its investment in electrification, planning to spend US$11 billion (RM44 billion) by 2022 to create hybrid and all-electric versions of its vehicles, the company announced yesterday at the Detroit Auto Show. This is more than twice the $4.5 billion the company said in 2015 it would use to invest in the EV market through the end of the decade, as per Bloomberg. After all, Ford invented the pony auto when it introduced the Mustang more than 50 years ago and helped to create the modern sport utility vehicle when it put a passenger auto body on a Ranger pickup chassis and called it the Explorer.
According to the Fuels Institute, the US market is poised to see an increased share of hybrid and plug-in electric hybrid vehicles being sold in 2018 and beyond. The company has more than doubled the initial planned investment which will also cover the cost of developing dedicated electric vehicle architectures.More news: Windies aims to keep ODI series alive in New Zealand
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"The big question is how quickly consumers will adapt, as electric is only 1% of the market right now".
Some of the electric vehicles will be produced with Ford's JV in China aimed at the Chinese market.
"Part of it is about tougher regulation but also the expectation that electric vehicles will support autonomous driving".
With battery costs declining rapidly and regulators around the globe cracking down on the internal combustion engine, automakers have been rushing to step up their game with regards to all-electric models.