Eco Factor: Ford to electrify 25 percent of its vehicles in next ten years.
Ford, one of the first companies on the market with a hybrid vehicle is all geared up to initiate the alternative power revolution. The company aims to push 25 percent of new car sales for a hybrid, plug-in hybrid or electric vehicle in just ten years. In just less than a year’s time, the company will be launching its first all-electric model.
Nancy Gioia, Ford’s global chief of vehicle electrification believes that due to rapidly changing technology, falling battery prices and other uncertainties it is difficult to predict the exact figures, but it is expected that the final figures could lie anywhere between 10 and 25 percent by 2020.
In the next three years, Ford will introduce at least five new vehicles with lithium ion batteries and plans to spend about $1 billion on manufacturing, research and other areas to produce electrified vehicles through 2013.
Via: AutoBlogGreen
