Ford Promises to Go All-Electric in Europe by 2030
With Europe planning to cut transportation-related emissions by 90% by 2050, Ford (NYSE: F) announced today that it is joining a growing list of companies planning to sell only electric vehicles (EVs) before then.
The carmaker said within the next five years, all of its European cars will be zero-emission vehicles with buyers having the option of buying all-electric or hybrid models. And by 2030, its passenger cars will be all-electric.
It committed to spending $1 billion to upgrade its factory in Cologne, Germany, to create an electrification center producing its first European-built EV by 2023, with a goal for a second EV to be built there.
Source Fool.com
