Ford has committed to sell only 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.
Stuart Rowley, president, Ford of Europe, said: “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.
“We expect to continue our strong momentum this year in Europe and remain on track to deliver our goal of a six percent EBIT margin as part of Ford’s plan to turnaround our global automotive operations.”
In 2020, Ford and its consortium partners received government backing for the introduction of 5G connectivity to speed up electric vehicle (EV) manufacturing.
Ford also called on the automotive industry and Government last year, to work in partnership to boost adoption rates of plug-in vehicles with a clear strategy for incentives and infrastructure.
Spearheading Ford’s advance into an all-electric future is a new $1 billion (£720m) investment to modernise its vehicle assembly facility in Cologne, Germany, one of its largest manufacturing centres in Europe.
The investment is set to transform the existing vehicle assembly operations into the Ford Cologne Electrification Centre for the manufacture of electric vehicles (EVs), Ford’s first such facility in Europe.
Ford also confirmed that its first European-built, volume all-electric passenger vehicle for European customers will be produced at the facility from 2023, with the potential for a second all-electric vehicle built there under consideration.
The number of electric cars on UK roads is expected to exceed that of diesel-powered models by 2030, research by The AA has found.
The announcement from Ford follows the launch of Jaguar Land Rover’s new strategy to make Jaguar an electric-only car brand within four years.