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Ford spends $ 1 billion to modernize plant in Germany as part of its plan to sell exclusively electric cars in Europe by 2030.
The German plant in Cologne will be refurbished to produce the first mass-produced all-electric passenger car in Europe, to be produced by the American automaker starting in 2023, the company said..
Ford said that by mid-2026, all passenger cars that the company will sell in Europe will be either all-electric or hybrid, which will have both an internal combustion engine and a battery and electric motor. Car maker Said European Passenger Cars Will Be Fully Electric By 2030.
«We successfully restructured Ford of Europe and returned to profitability in Q4 2020», – said Stuart rowley (Stuart Rowley), President, Ford of Europe. «We are now aiming for a fully electric future in Europe».
Earlier this month, Ford announced that it will invest at least $ 22 billion globally by 2025 in electric vehicles, nearly double what the company had previously committed to..
Europe sets tough targets to reduce greenhouse gas emissions from vehicles, and automakers they face huge potential fines if they do not comply. It helped the continent get ahead of the United States in electric vehicle adoption..
In December, the CEO of Ford Jim farley (Jim Farley) said at a recent conference that about 10% of the auto industry’s sales in Europe were purely electric. And electric vehicles accounted for 54% of car sales in Norway last year, the first country with more than half of car sales. battery powered.
The company will have to catch up. German automaker Volkswagen, which announced an alliance with Ford in 2019, is the number one EV sales in Europe. Global electric vehicle leader Tesla is building its first European plant near Berlin due to open later this year.
Ford recently began shipping the Mustang Mach-E electric vehicle in the US and currently does not have all-electric vehicles for sale in Europe. But the Mach-E will hit European showrooms soon, and Ford has more EV models in the works, including the E-Transit commercial van, due to hit dealerships in the US later this year and in Europe in early 2022. … E -Transit will be a particularly interesting piece, which is extremely important for the company. Although it accounts for only 7% of European sales overall, it is the leader in commercial vehicle sales in Europe..
Ford predicts that two-thirds of its commercial vehicle sales will be fully electric by 2030, while the company has set target at 100%.
Virtually all car manufacturers are making serious efforts to move from traditional combustion vehicles to pure electric vehicles, both to meet increasingly stringent environmental regulations around the world and to meet the growing interest of car buyers in electric vehicles. General Motors recently announced that it plans to sell only zero-emission vehicles by 2035..
It is also expected that electric vehicles will ultimately be cheaper to manufacture than traditional gasoline-powered vehicles due to fewer moving parts and therefore less labor required to assemble them. Ford estimates in 2017 that it will take 30% less labor to build electric vehicles than gasoline-powered cars..