Ford announced that its passenger car portfolio in Europe will offer fully electric or plug-in hybrid versions by mid-2026 and will be fully electric by 2030. The company also announced that it will offer fully electric or rechargeable hybrid versions by 2024 in its commercial vehicle range in Europe. Accordingly, two-thirds of Ford’s commercial vehicle sales by 2030 are expected to be fully electric and rechargeable hybrids.
Will invest 22 billion dollars
Ford of Europe President Stuart Rowley made a statement on the subject; “As Ford of Europe, we have successfully restructured our operations and as of the fourth quarter of 2020, we have regained profitability. We are now fast moving towards an all-electric future with a world-class connected customer experience. We anticipate that this year we will maintain our strong growth momentum in Europe and move forward without losing our targets ”. Ford recently announced that it will invest $ 22 billion by the end of 2025, nearly doubling the amount it had previously committed for electric vehicles.
Mission to Ford Otosan
Ford’s strong commercial vehicle growth will be the driving force behind its profitability in Europe, while new products and services, an extensive network of commercial vehicle transforming partners and its strategic alliance with Volkswagen will support this growth. In addition, 71% of Ford commercial vehicles sold in Europe, producing 83% of the Transit Ford Otosan in Turkey, with cost-effective tools development and procurement activities will play an important role in this growth.
$ 1 billion investment in Cologne Plant
Ford also plans to modernize the Cologne vehicle assembly plant in Germany, one of the largest manufacturing centers in Europe, on its journey to the fully electric future. Announcing that it will invest $ 1 billion in this direction, the company aims to transform its current vehicle assembly operations into Ford Cologne Electrification Center, which will be the first facility of this nature in Europe where electric vehicles will be produced. Ford also confirmed that the first mass-produced fully-electric passenger car in Europe will be produced at this facility in 2023, and announced that the potential to produce a second full-electric vehicle is now being evaluated.