Ford will invest additional $4.5 billion in electrified vehicle development by 2020 – CNET
Ford has announced plans for an additional $4.5 billion investment in electrified vehicle development by 2020. The Dearborn, Michigan-based automaker intends on adding 13 new products split between hybrid, plug-in hybrid and full electric vehicles to the lineup over the next four years. The plans mean that by the end of the decade, more than 40 percent of Ford vehicles sold globally will be available electrified. Today, Ford is already the second largest seller of electrified vehicles in North America, and the top seller when it comes to plug-in hybrids.
One of the 13 vehicles will be a new Focus Electric that arrives late next year. The updated model gains DC fast-charging capabilities that can provide an 80 percent charge in an estimated 30 minutes, which is roughly two hours quicker than the current Focus Electric model. Ford projects 100 miles of driving range off of an 80 percent charge.
In addition to the DC fast-charging abilities, the new Focus Electric will feature SmartGauge with an EcoGuide gauge cluster that provides real-time EV power usage. There’s also a Brake Coach system to instruct drivers on how to recapture the maximum amount of energy through the regenerative braking system.
Ford president and CEO Mark Fields says the expanded electrified vehicle lineup gives customers the power of choice when it comes to green forms of transportation, and will help the company meet ever more stringent fuel economy standards going forward.