Ford set to Go All-Electric in Europe by 2030:

Ford set to Go All-Electric in Europe by 2030– Ford is really taking a very serious approach to its electrification strategy in Europe, announcing that all its passenger vehicles will be all-electric or hybrid by mid-2026. All of its consumer vehicles will be fully electric by 2030, which means Ford will have one of the most aggressive EV roadmaps of any European automaker. On the commercial side, the company plans to have a plug-in hybrid (PHEV) or all-electric vehicles in two-thirds of its lineup by 2030.

In view of the process, Ford will invest $1 billion into its assembly plant in Cologne, Germany, allowing it to produce an all-electric model in two years. That’s part of the company’s recently announced $29 billion global investment in electric and autonomous vehicles through 2025. “We are charging into an all-electric future in Europe,” said Ford of Europe president Stuart Rowley.

Ford set to Go All-Electric in Europe by 2030

Ford set to Go All-Electric in Europe by 2030

Ford is leading all rivals in commercial sales, but it fell behind Toyota into ninth place in passenger sales in Europe. And while the company is investing in its Cologne plant, it has cut costs considerably elsewhere in Europe, having sold off factories and eliminated more than 10,000 jobs. On the strength of those cuts and commercial sales, Ford returned to a profit in Europe in Q4.

Ford’s commitment to EVs leaves it just five years to retool toward electric and PHEV vehicles. Rival (and commercial partner) Volkswagen, meanwhile, has promised to produce 1.5 million EVs by 2025, while Mercedes-Benz has announced plans to build six all-electric cars within the next couple of years.

All that cost-cutting is apparently in its rear-view mirror, however, and Ford called the Cologne facility investment “the most significant Ford has made in over a generation.” The company will share additional details, hopefully about new vehicles, over the coming months.

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