Ford said it will sell only full-electric passenger cars in Europe by 2030 as part of a new growth strategy in the region.
The move will be supported by the company's strategic alliance with Volkswagen Group to use VW's MEB electric-car platform, Ford said in a statement on Wednesday.
Ford will invest $1 billion in a new electric vehicle manufacturing center at its factory in Cologne, Germany, as part of the electric-only transformation.
The automaker's first European-built, mass-market full-electric car will roll off the lines in Cologne starting in 2023, Ford said. The factory, which currently builds the Fiesta small hatchback, will have the potential to build a second full-electric vehicle. Ford will continue Fiesta production in parallel with the new EV before eventually going all-electric.
Ford said it will also "substantially electrify" its commercial vehicle range.
In making the 2030 electric-only commitment, Ford becomes the biggest automaker operating in Europe to commit to ending sales of internal combustion engine passenger vehicles.
Ford will only sell full-electric cars in Europe by 2030
The move will be supported by the company's strategic alliance with Volkswagen Group to use VW's MEB electric-car platform, Ford said in a statement on Wednesday.
Ford will invest $1 billion in a new electric vehicle manufacturing center at its factory in Cologne, Germany, as part of the electric-only transformation.
The automaker's first European-built, mass-market full-electric car will roll off the lines in Cologne starting in 2023, Ford said. The factory, which currently builds the Fiesta small hatchback, will have the potential to build a second full-electric vehicle. Ford will continue Fiesta production in parallel with the new EV before eventually going all-electric.
Ford said it will also "substantially electrify" its commercial vehicle range.
In making the 2030 electric-only commitment, Ford becomes the biggest automaker operating in Europe to commit to ending sales of internal combustion engine passenger vehicles.
Ford will only sell full-electric cars in Europe by 2030