With plans to roll out 13 electrified vehicles over the next five years, Ford is beginning to truly commit itself to fuel-efficient cars, SUVs and crossovers.
The first of these vehicles to arrive will be hybrid versions of the Ford Escape and related Lincoln MKC, which are due in 2019. Hybrid versions of both the Ford Expedition and Lincoln Navigator should be unveiled around the same time, which will be followed by hybrid versions of the F-150 and Mustang in 2020. According to Automotive News, the automaker has invested about $4.5 billion to bring the 13 EVs and hybrids to market.
Ford reportedly views hybrid and electric cars as being an important part of the automotive industry going forward, along with autonomous cars and ride sharing services. Ford’s recently appointed CEO Jim Hackett, who replaced Mark Fields in the position, is said to be reviewing the automaker’s future product strategy and plans to provide investors with an update in regards to the future of the company in early October. One analyst told AN he expects Ford to go “all in” on EVs under Hackett’s leadership.
[Source: Automotive News]