Ford accelerates on electric vehicles in Europe By 2024 it will introduce 3 new electric and 4 new commercial vehicles and expects to sell more than 600,000 electric vehicles by 2026. Starting in 2023, Ford will begin production of a new electric car, a medium crossover produced in Cologne, Germany and a second electric car that will be added to the Cologne plant in 2024. In addition, the best-selling car in Europe, the Ford Puma, will be available in a 100% electric version from 2024 and will be produced at the location of Craiova in Romania.
Leadership in commercial sales in Europe
Reaffirming the brand’s leadership in commercial vehicle sales in Europe, the iconic Transit family will welcome 4 new electric models, the new one-tonne Transit Custom Van and Tourneo Custom in 2023 and the small one that will be the next generation of Transit Courier and Tourneo Courier, in 2024. The acceleration in Europe on electric vehicles is part of the anticipated Ford + plan which has the global goal of producing more than 2 million electric vehicles per year and achieving an EBIT of 10% both by 2026.
The electrification location will be in Cologne
At the Cologne electrification hub in Germany, 1.2 million vehicles are expected to be produced over the next 6 years with a total investment of $ 2 billion. In addition, Ford has signed a non-binding memorandum of understanding with SK on CO for now. Ltd. And Koc Holding to build a location for the production of batteries for commercial vehicles in Turkey. Ford also intends to increase its production capacity for electric vehicles and commercial vehicles, with JV Ford Otosan subsequently acquiring ownership of the Romanian production sites.
A 100% electric future also needed in Europe
“Our march towards a 100% electric future is an absolute necessity for Ford. It is to meet the mobility demands of a Europe undergoing great transformation – said Stuart Rowley, President of Ford of Europe – but it is also based on the growing need to take care of the planet which is why we are committed to give a positive contribution to society by reducing emissions in line with the Paris Agreement on the climate “. All of these initiatives will help Ford achieve zero emissions target for all vehicles sold and also carbon neutrality for all European facilities and logistics and suppliers by 2035.