Ford plans to launch 40 electric or hybrid cars in four years

The American automobile giant Ford has confirmed that the near future is in favor of electric cars and plans to invest $ 11 billion by 2022 to develop 40 different models of electric or hybrid cars.

According to Bill Ford, chairman of the company's board of directors, to raise previous expectations about the company's intention to invest $ 4.5 billion by 2020.

The company's investment covers the costs of developing independent or hybrid electric cars, which are powered by gasoline and electricity. Ford has spent considerable research on electric vehicle development since 2015, spending $ 6.7 billion and in 2016 spending $ 7.3 billion, reflecting the company's growing interest in the field.

Sixteen of the 40 new cars that the company plans to launch will be fully powered, while the rest are hybrid with fuel and electricity.

Major automakers such as General Motors and Japan, such as Toyota and Germany, such as Volkswagen, have announced plans to launch more electric cars targeting customers looking for luxury, sports or practical cars.

It is noteworthy that many countries in the world such as China, India, France and the United Kingdom have announced a moratorium on the sale of fuel-powered cars in the future between 2030 and 2040.

Posted in: Tech Current Affairs