Ford Investing $11 Billion in Electric Cars

[Vlad Kovalenko + 115]

Ford will more than double its investment in EVs in bid to catch up with GM and other major automakers. It's $11 billion investment on the technology by 2022. This company is planning to roll out 10 fully EVs within 5 years and first one would arrive in 2020. 

[Adam Varga + 123]

Ford's rivalry with GM lasts for a long time. It seems like Ford is always trying to catch up GM,  but unlike GM, Ford's sales stagnated last year. GM already promised 20 new EVs by 2023 and I would put my bet on GM.  

[Vlad Kovalenko + 115]

Well, Ford is investing to meet the international challenge of staying competitive in the EVs market. 

[Adam Varga + 123]

Now when the most of the countries are demanding lower emissions every major auto manufacturer claim they are committed to EV future. I would call it a survival among the automakers. 

[Selva + 252]

It's nice to hear they are making more electric cars, but what about it would be nice to see them creating their own EV charging network. That would be a nice start. 

[Adam Varga + 123]

Exactly. Where Ford and GM expect their batteries to be charged? That's a reason why battery cars will fail and hydrogen cars are our future. 

[Vlad Kovalenko + 115]

EVs are better option because they are simpler. Hybrid cars are heavier and complicated because an increase in fuel efficiency is limited. And also more expensive.