- It said that it will invest $1 billion over the next 30 months to convert its vehicle assembly plant in Cologne, Germany, to become the U.S. automaker’s first electric vehicle facility in Europe
- It said that by 2026 it will have electric versions of all its passenger cars on sale in Europe
As per a report by Reuters, Ford Motor Co said its car lineup in Europe will be all-electric by 2030. It said that it will invest $1 billion over the next 30 months to convert its vehicle assembly plant in Cologne, Germany, to become the U.S. automaker’s first electric vehicle facility in Europe.
The report added that Stuart Rowley, head of Ford’s European operations, said during a news conference that this reinforces the commitment to the European region.Ford said its first European-built, all-electric passenger vehicle will be produced at the facility from 2023 and is considering building a second model there added the report.
As per the report, it has a strategic alliance with Volkswagen AG, under which Ford will use its German partner’s MEB electric vehicle platform to build some models. Rowley said the model out of Cologne will be the first to use Volskwagen’s MEB platform.
By 2026 it will have electric versions of all its passenger cars on sale in Europe
It said that by 2026 it will have electric versions of all its passenger cars on sale in Europe and that by 2030 two-thirds of its commercial vehicle sales in Europe will be fully electric or plug-in hybrids.
The company said it will have plug-in hybrid or fully-electric versions of its entire commercial vehicle range available by 2024.
