Ford will introduce three new passenger electric models and four new electric cars in Europe by 2024. The brand expects to sell more than 600 thousand. Electric cars annually until 2026 only on the Old Continent.
On March 14, 2022, the company announced a roadmap to transition from a European range to electric motors, introducing a new generation of seven fully electric passenger cars and trucks by 2024. With an expanded range of passenger car models and electric commercial vehicles, Ford expects to exceed sales of all-electric vehicles and trucks by 2024. Annual electric cars in Europe 600,000 in 2026. Copies. Ford also endorsed its plan to achieve 6% profit margin in Europe in 2023. Accelerating operations in Europe will contribute to the company’s goal of selling more than two million electric vehicles worldwide by 2026 and achieve an EBIT margin of 10 percent.
All of these efforts will contribute to the implementation of Ford’s global plans to significantly reduce carbon dioxide emissions. The company announced on March 14 that by 2035 it aims to achieve zero emissions for all vehicles sold in Europe and carbon neutrality for all factories, logistics and suppliers in Europe.
Seven new electric models by 2024
Ford has revealed plans for seven new electric models — three passenger cars and four SUVs — to join its all-electric car lineup in Europe: the Mach-E launched in 2021, followed by the Mach-E GT for customers this year, and the E-Transit , which will roll out at any moment.
From 2023, Ford will begin production of a new mid-range electric crossover in Cologne, and in 2024 another electric model will be added to the production line in Cologne. In addition, Ford’s best-selling passenger car in Europe – the Ford Puma – will be available in an electric version from 2024, produced at Ford’s Romanian facility in Craiova.
The Transit family will expand with four new electric models – the one-tonne Tourneo Custom multipurpose utility vehicle will be available in 2023, while the smaller Transit Courier and the next generation Tourneo Courier multipurpose vehicle will arrive in 2024.
Electric model production and investments in Cologne
Ford also announced that the first all-electric passenger car to leave the Ford Electric Vehicle Center in Cologne will be a five-seater mid-range crossover. The model and name of the crossover will be revealed in 2022, and production will begin in 2023. The car will have a range of 500 km on a single charge.
New battery factory in Turkey
To support vehicle electrification plans, Ford and SK On Co., Ltd. have signed on. and Koç Holding a non-binding Memorandum of Understanding on a new commercially successful joint venture based in Turkey. After signing the final contract, the three partners plan to establish one of the largest electric car battery production plants in the wider European region.
The joint venture is located near Ankara and will manufacture high-nickel NMC cells for assembly into battery units. Production is expected to start in the middle of the decade, with an estimated initial capacity of 30-45 GWh of cells produced annually.
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