ord Motor Co on Wednesday said its car lineup in Europe will be all-electric by 2030 as the US automaker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles.
The carmaker said it would invest $1 billion over the next 30 months to convert its vehicle assembly plant in Cologne, Germany, to become the US automaker’s first electric vehicle facility in Europe.
“This reinforces our commitment to the European region,” Stuart Rowley, head of Ford’s European operations, said during a news conference.
Ford said its first European-built, all-electric passenger vehicle would be produced at the facility from 2023, and that it was considering building a second model there.
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