FORD UPS ITS BET ON ELECTRIC

Ford Adds Another $4.5 Billion To Its Electric Car Ambitions

Kristen Korosec, December 10, 2015 (Fortune)

“Ford is betting big on electric vehicles by promising to invest another $4.5 billion and add 13 new electric cars to its lineup by 2020 along with expanding research into batteries... In just five years, more than 40% of the company’s models will come in electrified versions…The 2017 Ford Focus Electric, the first of the 13 new electric cars, will start production late next year with a battery that has a 100-mile range. The vehicle will also be able to charge to 80% in 30 minutes, about two hours faster than the current model Focus Electric. This will be the first Ford electric car to have a fast-charging capability…Ford currently sells three electric cars: the Focus is all-electric, the Fusion is available as a hybrid and plug-in hybrid, and C-Max is available as a hybrid and plug-in hybrid…[but] has already started to expand its electric vehicles research and development program…By 2020, most major automakers will have an all-electric vehicle—or more plug-in hybrids— in their car lineups…” click here for more

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