Ford ready to invest £3 billion in electric vehicles

US company Ford are set to invest $4.5billion (£3billion) in electric vehicles over the next five years, as part of a push to overhaul their product range.

Ford will launch 13 eco-friendly vehicles by 2020, meaning that 40 per cent of their models will be available in an electric version, which is up from the current 13 per cent.

The move comes at a time when regulators are increasing the pressure on carmakers to lower their emissions, which has been increased by the diesel emissions scandal which recently came to light at Volkswagen, where it was revealed diesel cars were emitting a lot more pollutants than previously thought.

With companies such as Google and Apple launching their own eco-friendly car, the giants in the vehicle industry will look to remain competitive, as Ford are doing with their upcoming models.

Ford Focus Electric car side view

The Focus Electric is being launched in 2016, which can be charged to 80 percent in only half an hour, which is two hours faster than at present. This charge will also allow the car to run for 100 miles.

In addition to the purely electric vehicles, hybrid cars will also be launched, which include a traditional engine working alongside a rechargeable motor.

The chief technical officer at Ford, Raj Nair said “The challenge isn’t who provides the most technology in a vehicle but who best organises that technology in a way that most excites and delights people”.

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Photo courtesy of Overlaet, under Creative Commons