Ford Motors company would make a substantial investment in electric automobiles to stay ahead of competition.
Ford Motors Company aims to invest in environmentally friendly vehicles. The automaker stated on Thursday that it intends to launch a more competent Focus’ electric version in 2016, the first of 13 new electric automobiles it pledged to manufacture in the coming four years under an investment worth $4.5bn.
The measure comes as other vehicle manufacturers, encompassing principal competitor ‘General Motors’, have decided to offer an extensive series of long range powered cars even as the lower prices of gasoline reduced demand for more effective vehicles.
Majority of the carmakers would manufacture these vehicles to play their role in meeting strict fuel economy rules internationally. Ford news exclaimed that the enterprise’s improved electric Focus would manufacture in 2016 and be equipped with the capacity to travel 100 miles on a single charge, up from 76 miles on the present model, but lesser than 200 to 300 miles range that the new electric vehicle of GM and other entrants, including Tesla Motors, would attain.
Product Chief of Ford Raj Nasir stated that the automotive organization would have a better rival to Tesla, GM and others, including Volkswagen AG by 2020, but refused to share specifics. “We fully anticipate we’ll be introducing vehicles with competitive range,” he stated.
Ford news today affirmed that in addition to not viewing convincing financial worth in electric vehicles, clients have long been concerned about the capacity of electric vehicles running short of fairness. The corporation’s improved Focus would be equipped with a new tool to let owners charge the battery 80% in half an hour, significantly decreasing the charging time from nearly three hours consumed to charge up.
Chief executive officer of Ford, Mark Fields, stated the invested funds would help to expand the electric automobile’s share in the company’s truck and car portfolio to 40% by the end of decade, up from 13% now. “It is customers’ needs first and foremost, and it is followed by regulation,” Mark stated, talking at a ceremony at the head office of the organization in Dearborn, Michigan.
Ford Breaking news reported that GM’s newly introduced Chevrolet Bolt, which would be offered in 2016, would be able to get more than 200 miles of drive in one charge helping it to take a better position in the electric car competition. That competition, nevertheless, appears to be sluggish.
Despite of the urgency to manufacture more powered vehicles and other alternates that satisfy regulatory bodies in a better manner, deliveries of these automobiles have been delayed as gasoline prices have decreased, contributing to lesser than 3% of the American auto market.