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Ford will invest $11bn in electric vehicles by 2022

Ford Motor Co decided that they will significantly increase their planned investments in electric vehicles to $11bn by 2022 and have 40 hybrid and fully electric vehicles in its model line-up. At the Detroit Auto show that happened last week, the company’s chairman, Bill Ford, said that the whole investment is much more higher than what was previously announced ($4.5bn by 2020). He also added that this investment includes costs of developing dedicated electric vehicle architectures. General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles and also did General Motors who made his announcement last week about new driverless vehicle.

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