Ford teases an all-electric performance vehicle called the 'Mach 1'
- Author: Terrell Bush Jan 18, 2018,
Jan 18, 2018, 4:24
In recent years we have seen many major auto manufacturers turn their eye to electric vehicles.
BMW plans to have 25 "fully electric" and "plug-in hybrids" available by 2025.
The funding pledge is more than double the $4.5bn the company said it would invest between 2015 and 2020 on bringing new electric vehicles (EVs) to market.
"This $11bn you're seeing, that means we're all in now", he said.
General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles.
"We're all in on this and we're taking our mainstream vehicles, our most iconic vehicles, and we're electrifying them", company chairman Bill Ford said. The news source notes that battery-electric vehicles (BEVs) like the Chevrolet Bolt, Nissan Leaf and Tesla Model S represent only about one-half of 1% of the USA market, while hybrids and plug-in hybrids are less than 3%. The new range will consist of all-new vehicles and electrified versions of existing models.
In other green-car news from Sunday's truck-heavy event was a 2020 arrival date for the Ford F-150 Hybrid full-size pickup truck, slightly later than promised by then-CEO Fields a year ago.
Ford had previously said that it wanted to invest $4.5 billion into its electric vehicle ambitions by 2020. Since its 2011 unveiling, the vehicle has become the best-selling mid-size pickup in Europe, South Africa and New Zealand, and it jumped from No. 5 to No. 2 sales globally, according to Raj Nair, president of Ford North America.
"The real news for me is not just the doubling of investment, it's where we're playing", Farley told reporters.
While Tesla has a jump in the premium market, Diess said, VW can overcome that advantage through its ability to mass produce battery charged electric vehicles.
Electric cars may indeed be the way of the future, or at least, the short to medium term future.
Ford also has its eyes on building a powerful autonomous vehicle business.
If that was the case, they would be investing more in batteries and electric motors than they are investing in internal combustion engines, which is still apparently not the case.