Ford is investing $4.5bn (£3bn) in producing a range of 13 new electric cars by 2020, including a new electric Focus which will recharge by 80% in 30 minutes. By the end of the decade, 40% of the models Ford sells globally will be offered as electric versions.
The investment is a key milestone in Ford’s history, and a milestone in the journey traditional car manufacturers are making towards an electric future. While Tesla earns all of the headlines for its Model S and Model X, established car makers have been slower to get off the mark. This investment, plus electric plans from Porsche, VW, Audi and others, means the car showrooms will become a very different place by the start of the next decade.