Ford Is Going To Invest $4.5 Billion Into Electric Cars
Ford has been the one major American car company that didn’t need a bail out to continue operations, but they did have to cut down a lot to stay in business. Since doing so, Ford has seen big profits with its new cars. With a regained foothold in the car industry, Ford intends to look to the future by investing $4.5 billion dollars in electric vehicles. How many? At least 13 models off electric and hybrid vehicles by 2020.
“Our vision is to be a mobility service provider, beyond building a vehicle that would be in somebody else’s fleet. We see this as a business we want to be in.” Ken Washington, Ford’s vice president of research, said in a statement.
Ford intends to introduce a new version of the electric Focus that is currently in development. In terms of charge time, Ford claims the new Focus could get an 80% charge in about 30 minutes, which is 2 hours faster than the charge time of the current model. The car’s range will also increase to 100 miles, which doesn’t sound like that much if you feel like taking a road trip.
Ford is trying to push the automobile industry into investing more money into electric cars.
“Electric car use around the world has slowly been growing. Electric cars accounted for 13.8% of new car sales in Norway in 2014, up from 6.1% in 2013, both years were the highest of any country. The next closest country was Netherlands with 3.9%. In the US, 0.7% of new car sales in 2014 were electric.” (Via Brief Media)
It’s about time that a big company like this started putting some money into electric vehicles. Drilling 3 miles into the ocean for oil made of old fish to use for fuel seems like it has been going on long enough.
(Source: Brief Media)
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Jeff Sorensen is an author, writer and occasional comedian living in Detroit, Michigan. You can look for more of his work on The Huffington Post,UPROXX,BGR and by just looking up his name.