Ford investing $4.5 billion to bring electrification to 40% of its vehicles by 2020 : TreeHugger

The Blue Oval is starting to get more serious about cleaner transportation, with a commitment of investing billions to bring 13 new electrified vehicles to its portfolio by 2020.Now, I’m not saying it’s connected or anything (wink, wink), but it’s interesting to see how many companies are making big announcements about their green initiatives right around the same time that the global climate summit is happening in Paris. However, even if there was some strategic timing to the news of calls for more fossil fuel divestment, coal phase-outs, and big corporate renewable energy purchases, there’s no harm done if it’s merely stating the facts. As they say, “It ain’t bragging if you can do it.”In that vein, Ford announced that it would be investing some $4.5 billion over the next five years toward its goal of building better “electrified vehicle solutions” and bringing electrification to 40% of its vehicle lineup by 2020. Seeing as transportation is a key climate issue, it’s only fitting to learn about Ford’s sharpened focus on EVs as a solution. According to the company, it will be adding 13 new electrified vehicles to its portfolio by 2020, which could offer more options for the potential EV customers who aren’t currently able to drive electric, either because of price or driving range or size.

Source: Ford investing $4.5 billion to bring electrification to 40% of its vehicles by 2020 : TreeHugger