Ford has committed that its entire Ford passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid by mid-2026, and will be completely all-electric by 2030.
In addition, its entire commercial vehicle range will be zero-emissions capable, all-electric or plug-in hybrid by 2024, with two-thirds of its commercial vehicle sales expected to be all-electric or plug-in hybrid by 2030.
The vehicle manufacturer also announced it was investing at least $22bn globally in electrification through to 2025, nearly twice the company’s previous EV investment plans.
“We successfully restructured Ford of Europe and returned to profitability in the fourth quarter of 2020. Now we are charging into an all-electric future in Europe with expressive new vehicles and a world-class connected customer experience,” said Stuart Rowley, president, Ford of Europe.
As part of its advance towards an all-electric future Ford will invest $1bn investment to modernise its vehicle assembly facility in Cologne, Germany, one of its largest manufacturing centres in Europe and the home of Ford of Europe.
The investment will transform the existing vehicle assembly operations into the Ford Cologne Electrification Center for the manufacture of electric vehicles.
The company also confirmed that its first European-built, volume all-electric passenger vehicle for European customers will be produced at the facility from 2023, with the potential for a second all-electric vehicle built there under consideration.
“Our announcement today to transform our Cologne facility, the home of our operations in Germany for 90 years, is one of the most significant Ford has made in over a generation. It underlines our commitment to Europe and a modern future with electric vehicles at the heart of our strategy for growth,” Rowley said.
“We will offer an exceptional range of electrified vehicles, supported by customer-centric digital services and experiences, allowing our customers to come with us on the journey to a fully electric future, starting right now with the launch of the all-electric Mustang Mach-E. In combination with our leading commercial vehicle business, this will form the basis of a sustainably profitable Ford business in Europe.”