Ford to Invest $4.5bn in Electric Cars



 
Ford says it will invest $4.5bn (£3bn) to expand its fleet of plug-in and hybrid electric vehicles, and will start selling 13 new electric models by 2020.

That will include a new Ford Focus that charges more quickly and has a longer range.

Ford updated version of its Focus Electric, a battery-electric compact sedan. And with a new charging system the new Focus will take an 80% charge in 30 minutes, about two hours faster than the current version, Ford said. 

It will also have an estimated 100-mile range, up from 76 miles in the current version.

The US Car giant also plans to introduce the Mondeo hybrid sedan and the C-Max Energi plug-in hybrid in China next year.

"Mr Fields said the company wants 40% of its vehicles to have electric versions by 2020, up from 13% now."

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