The future may be electric, and Ford is pledging $11 billion to make it happen

Just plug in that EV anywhere Ford Focus Electric
Ford is financing an electric future. On Sunday, January 14, the American automaker announced plans to seriously up the ante on its investments in electric vehicles, pledging $11 billion by 2022 and promising 40 hybrid and fully electric vehicles in the next four years. This $11 billion figure marks a significant increase from the company’s original plan of $4.5 billion, which it announced in 2015. But given the speed of innovation and demand over the last few years, Ford has clearly reassessed its plans.

The new investment includes the costs of creating dedicated EV architectures, no doubt an expensive enterprise. But Ford is moving much of its money away from sedans and internal combustion engines to focus more on trucks and electric and hybrid cars. In October, Ford CEO Jim Hackett told investors the company would cut $14 billion in costs over the next five years by refocusing its efforts.

“We’re all in on this and we’re taking our mainstream vehicles, our most iconic vehicles, and we’re electrifying them,” Ford told reporters. “If we want to be successful with electrification, we have to do it with vehicles that are already popular.”

Some of the upcoming electric cars will be produced with Ford’s joint venture in China, and will target the Chinese market. After all, the Asian superpower has been a driving force behind the electrification of cars, as the nation has plans to phase out fossil fuel-powered cars within the next few years. Other nations have followed suit, with India, France, and the U.K. similarly looking to ban traditional combustion engines sometime between 2030 and 2040.

Indeed, Ford has previously unveiled efforts to break into the EV space in China. In December 2017, the company announced a deal with Chinese tech giant Alibaba “to explore cooperation in areas such as cloud computing, connectivity, and retail,” which could result in Ford cars being sold on Alibaba’s e-commerce platform, Tmall. Moreover, the partnership is expected to result in 15 electric or hybrid models for sale in China by 2025.

Reuters notes that Ford has been planning its electric vehicle push since Hackett replaced previous Ford Motors CEO Mark Fields last May. And it would appear that this new EV track is one that is here to stay.

Product Review

The Ferrari Portofino is the super stallion you’ll want to drive every day

With the introduction of the Portofino, Ferrari addresses the California T’s stylistic shortcomings while improving comfort, convenience, and performance. There’s little “entry-level” about this super stallion.
Cars

Tesla Model 3 vulnerability exposed at Pwn2Own; hackers take home the car

A Tesla Model 3 vulnerability was exposed at the Pwn2Own hacking competition. The hackers, who were able to display a message on the electric vehicle's internet browser, won $35,000 and took home the car.
Cars

Tesla ends scheduled servicing because electric cars need less maintenance

Tesla will longer offer scheduled maintenance plans, switching to an "as needed" model. This reflects the fact that electric cars need less regular maintenance than gasoline or diesel cars.
Cars

Fiat wants to transform the cheeky 500 city car into an urban Tesla

Fiat is finally preparing a new 500. Scheduled to make its debut in early 2020, the retro-chic city car will go electric in part to comply with looming emissions regulations.
Cars

Fisker plans sub-$40,000 electric SUV with 300 miles of range for 2021

Fisker Inc. plans to launch an electric SUV with a base price of under $40,000, and a range of around 300 miles in 2021. The unnamed vehicle could compete with the Tesla Model Y, if it ever gets into production.
Cars

Autonomous shuttle rides coming to New York City via Optimus Ride

Workers at the Brooklyn Navy Yard in NY City will soon be able to make their way around the 300-acre industrial park in Optimus Ride's self-driving shuttles. The tech startup says it's the first trial of its kind in the state.
Product Review

2019 Volkswagen Jetta offers German refinement and tech at an affordable price

With enough tech to make villains jealous, the Volkswagen Jetta punches above its class as a forward-thinking sedan. Spacious, comfortable, and efficient, the Jetta is a refined offering. German refinement comes with a serious attitude.
Cars

Renault-Nissan-Mitsubishi group uses Microsoft cloud platform for connected cars

The Renault-Nissan-Mitsubishi Alliance is launching a new cloud platform for its cars. Based on Microsoft Azure, the Alliance Intelligent Cloud will enable features like connected services and over-the-air updates.
Cars

The 2019 Toyota C-HR gains a popular tech feature as its price comes down

Toyota has updated the C-HR, its entry-level crossover, by adding an entry-level trim level to the lineup. Every model regardless of price also comes standard with an 8.0-inch touchscreen compatible with Apple CarPlay.
Cars

The 2020 Porsche Cayenne Coupe is an exercise in form-over-function design

Porsche expanded its lineup of SUVs with a swoopier evolution of the Cayenne named Cayenne Coupe. Don't let the name fool you: it still has four doors. It stands out with a fastback-like roofline that's lower than the Cayenne's.
Product Review

Chris is the virtual co-pilot phone-obsessives need in their car

Driving while using your phone is dangerous, and often illegal. Meet Chris, the digital assistant for your car that wants to help keep your hands off your phone, and your eyes on the road.
Cars

Protect yourself and your ride with our favorite dash cams

Dashboard cameras can assist drivers in car accident claims, settle speeding ticket disputes, and even catch glimpses of incoming meteors, among other things. Here, we've compiled a list of the most noteworthy offerings available.
Cars

Tesla revives its referral program with chances to win a Roadster

Tesla has revived its referral program that ended in February because of cost pressures. This time around the perks aren't quite as diverse, though it does offer regular chances to win a Roadster or Model Y.
Cars

The go kart-like Mini Cooper will soon add zero emissions to its resume

Mini is in the final stages of developing an electric version of the Cooper. The 2020 Cooper SE will receive powertrain components from the BMW i3, including a 181-horsepower electric motor and battery technology.