Ford unveils new EV production and profit targets for Europe • TechCrunch | Rare Techy


Ford is accelerating plans to sell more electric vehicles in Europe to achieve carbon neutrality in the region by 2035.

The automaker announced on Monday that it will launch three new electric passenger cars and four new electric commercial vehicles in Europe over the next two years. The company also said it plans to sell more than 600,000 electric vehicles annually in Europe by 2026 to support its 2035 deadline to become carbon neutral “across its European facilities, logistics and supplier footprint.”

The milestones are the latest in recent announcements from the Dearborn automaker. Earlier in March, Ford said it would invest $50 billion, up from a previously stated $30 billion, to meet its global goal of producing 2 million electric cars a year by 2026.

At the time, the company announced it would separate its EV unit, now called Ford Model e, from its internal combustion engine business, called Ford Blue.

European new generation electric models are produced at Ford plants in Cologne, Germany and Craiova, Romania.

Ford also announced Monday that it signed a non-binding agreement with Korean battery maker SK On Co. and with Turkish conglomerate Koc Holding to build one of Europe’s largest commercial vehicle battery manufacturing plants in Turkey.

Next year, Ford will start production of a mid-size all-electric crossover in Cologne. In 2024, the company will add another EV to the plant’s production line, in addition to building an electrified version of the Ford Puma, Ford’s best-selling passenger car in Europe, in Craiova.

Ford’s best-selling vehicle in Europe, the Transit van, is adding four new electric models to its range. Electrified versions of the Transit Custom and Tourneo Custom vans are scheduled to arrive in 2023, followed by the smaller Transit Courier van and the Tourneo Courier utility vehicle.


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