Ford today announced a new strategy for the European market that aims the automaker at primarily only selling electric vehicles by 2030. To do so, Ford intends to spend $1 billion to revamp a factory in Cologne, Germany, where it will produce EVs using a Volkswagen platform. The first production vehicle from the updated factory is expected by 2023.
Stuart Rowley, president of Ford of Europe, made the announcement today during an online news conference.
This new strategy involves phasing out gasoline-powered vehicles in favor of electric power. The automaker expects to have all commercial vehicles made by Ford in Europe be electric …
