Looks like Ford wants to make it big in the EV world. The company has announced that it will invest $4.5 billion in electrified vehicles by 2020. In a recent press release, Ford has also shared a few details regarding 7 of the 13 electrified vehicles it will introduce within the next five years.
The Michigan-based manufacturer plans on releasing a fully electric small SUV by 2020, which will have an estimated range of at least 300 miles. We can expect to see a hybrid version of the F-150 pickup and the iconic Mustang by the same year. Ford also said that it will show off a high-volume autonomous vehicle for commercial ride-hailing or ride sharing in 2021.
These will all be built at the Flat Rock plant in Michigan, which the company will soon start expanding with the help of a $700 million investment. The other three cars Ford will introduce include a Transit Custom plug-in hybrid, which should be available in Europe in 2019, and two new hybrid police vehicles.
In addition to the upcoming EVs, Ford has announced its plans to build an ultra-fast charging network in Europe which will be significantly faster than any other charging system that is currently available. Initially, the company wants to build 400 stations but says that “thousands of high-powered charging points” will be available by 2020.
Ford also mentioned that it’s piloting wireless charging tech for EVs in the US as well as in Europe that will allow you to recharge your car by simply pulling into a parking spot. But unfortunately, the company did not reveal exactly when the new technology will be available.