Ford plans to invest 11 billion United States dollars in development of electric cars

Ford teases 'Mach 1&apos electric performance SUV for 2020

At the Detroit auto show on Sunday, Ford Chairman Bill Ford said the company also plans to offer at least 40 hybrid and all-electric vehicles to consumers in the same year.

Raj Nair, Head of Ford's North American operations has admitted that such moves are "rightful" adding: "We believe man-made Carbon dioxide is contributing to climate change and we've got our part to play". The company has already pledged a whopping $11 billion towards the initiative, which will go towards the development of both the Mach 1 mentioned here, an autonomous electric ride-sharing vehicle, and a few others. "The only question is whether customers will be with us and we think they will", added he. The company has more than doubled the initial planned investment which will also cover the cost of developing dedicated electric vehicle architectures. The automaker's president of global markets, Jim Farley, said on Sunday that Ford would bring a high-performance electric utility vehicle to market by 2020. No. 2 USA automaker then said that they would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars.

Of the 40 EVs planned for Ford's global line-up, 16 will be fully electric and the rest will be plug-in hybrids.

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"We're starting to telegraph where we're going to play in the electrified business around the world", he said. The company identifies only one model by name that will come out in 2020 and is called Mach 1. Ford spokesperson Said Deep told Motor Authority that the cherished name is not 100 percent locked in for the electric SUV and that Ford could end up using a different name if there's sufficient backlash among the Mustang community.

The Ford Focus Electric remains the same basic compliance auto launched for the 2012 model year, with only a boost in battery capacity last year to bring it to 114 miles of range.



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