Ford to develop hybrid & electric vehicles
Added: 21 February 2018
Ford says it will boost its investment in electric vehicles to $11bn (£8bn) in the next five years, more than doubling a previous commitment.
Chairman Bill Ford said the car maker would have 40 hybrid and fully electric vehicles in its range by 2022.
It comes as countries around the world put more pressure on car makers to rein in carbon emissions.
General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles.
Speaking at the Detroit Auto Show In January 2018, Mr Ford said the focus would be on electrifying existing Ford models without naming any specific cars.
He said the firm would offer 16 fully electric vehicles by 2022 and 24 plug-in hybrids.
Mr Ford told reporters: "We're all in on this and we're taking our mainstream vehicles, our most iconic vehicles, and we're electrifying them.
"If we want to be successful with electrification, we have to do it with vehicles that are already popular."
Stephanie Brinley, a senior automotive analyst at IHS Markit, said it was part of a bigger trend of car makers investing in electrification.
"Part of it is about tougher regulation but also the expectation that electric vehicles will support autonomous driving.
"The big question is how quickly consumers will adapt, as electric is only 1% of the market right now.
"Changing that will take better infrastructure on our roads, but also having more electric vehicles available."
Monaghan Bros look forward to these new hybrid and electric vehicles coming to their showroom in the not so distant future....watch this space!