Ford will only sell electric vehicles in Europe by 2030, it said Wednesday. The automaker said it will spend $1 billion to convert its factory in Cologne, Germany, into its first EV production line on the continent.
Ford says it will transition to EV-production gradually over the next decade. By 2024, the company’s entire commercial vehicle lineup will be “zero-emissions capable, all-electric or plug-in hybrid.” By mid-2026, Ford says “100 percent” of its passenger vehicle lineup will be the same. And by 2030, Ford expects two-thirds of its commercial vehicle sales to be all-electric or plug-in hybrid, while all of its passenger vehicles sold will be pure battery-electric.