On Wednesday, Ford said it will only sell electric vehicles in Europe by 2030.
The company said it will spend $1 billion to convert its factory in Germany, into its first ever EV production line on the continent.
Ford said it will gradually transition to EV-production over the next decade. And by 2024, the company’s entire commercial vehicle lineup will be” zero-emissions capable, all-electric or plug-in hybrid”. And by 2030m Ford expects two-thirds of its commercial vehicle sales will be plug-in hybrid or all-electric.
Ford aims to deliver more than 600,000 European vehicles using MEB architecture in over six years. This move would help Ford comply with European government mandates that push strict emissions standards and push electric vehicles.
