Ford To Ramp up Electric Car Production
Ford Motors today outlined plans to introduce electric vehicles and plug-in hybrids within three years, ramping up production and development greatly to meet what is expected to be warm market demand.
Ford's first product will be a van-type vehicle for commercial fleets in 2010 and a sedan in 2011 with a goal of making battery powered cars cost effective. Currently, the cost of batteries make plugin hybrid or all electric vehicles significantly more expensive than gasoline engine cars. Ford said that it will work with unnamed battery and electric vehicle powertrain providers to bring its electric cars to market. The company said that it intends to invest $14 billion in efficiency and it will introduce in cars its EcoBoost technology, which it unveiled at last year's North American International Auto Show.
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