Ford has announced its plan to become an all-electric carmaker in Europe by 2030, and that transformation will be spearheaded by a $1 billion investment in the company’s headquarters in Cologne, Germany.
All Ford passenger vehicles in Europe will be capable of zero-emissions by mid-2026, whether it’ll be all-electric or plug-in hybrid, before becoming exclusively all-electric by 2030.
In addition, Ford’s commercial vehicle range will also be zero-emissions capable (all-electric or plug-in hybrid) by 2024, with two-thirds of the carmaker’s commercial model range sales expected to be pure EVs and plug-in hybrids by 2030.
Ford of Europe will spend $1 billion to modernize its manufacturing center and headquarters in Cologne, Germany. The investment will turn the facility into the ‘Ford Cologne Electrification Center’, with their first Europe-focused series-production all-electric model to be produced there in 2023.
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Ford has announced it will only sell electric cars in Europe by 2030, with all Ford cars sold in the continent by 2026 expected to be zero-emissions capable.
The brand’s entire commercial vehicle range will also be zero-emissions capable, electric or plug-in hybrid, by 2024, with two-thirds of Ford’s commercial vehicle sales expected to be all-electric or plug-in hybrid by 2030.
“We successfully restructured Ford of Europe and returned to profitability in the fourth quarter of 2020. Now we are charging into an all-electric future in Europe with expressive new vehicles and a world-class connected customer experience,” said Stuart Rowley, president, Ford of Europe.