With the New range of passenger and commercial vehicles, Ford hopes that its Annual sales of electric vehicles in Europe to exceed 600.000 units by 2026. Acceleration in Europe aims sell more than 2 million electric vehicles globally by 2026 and get a net operating margin of the company at a global level 10 percent.
In addition, the company aims to Achieve “zero emissions” for all vehicle sales and carbon neutrality across its European manufacturing, logistics and supplier footprint for the year 2035.
After the launch of the E-Transit next quarter, Ford wants Increase the number of fully electric vehicles in the Ford family in Europe by seven, three new passenger vehicles and Four new commercial vehicles.
So, starting next year, The Transit range will include four new versions: The One-tonne Transit Custom and mixed-use Tourneo Custom —available in 2023— and the new generation of the Transit Courier and Tourneo Courier in 2024.
Increased battery production capacity in Europe
To support electrification plans, Ford has signed a non-binding memorandum of understanding to Form a new joint venture in Türkiye, consisting of Ford Otosan, a joint venture between Ford Motor Company and Koç Holding together with the Turkish Government, which will assume the Ownership of the plant and manufacturing business in Craiova, still subject to regulatory approval and consultations.
The three partners They plan to build one of the largest battery plants in enlarged Europe, which will be located near Ankara and will produce high-nickel cells for assembly into battery modules. Production is expected to begin by the middle of the decade with an approximate annual capacity in the range of 30 to 45 gigawatt hours.
The investment that the three partners are planning in the battery joint venture - including support from the Turkish government - will directly benefit small and large commercial vehicle operators across Europe, reducing energy and operating costs and providing a contribution to CO reduction2.
Ford's manufacturing plant in Craiova, Romania, will play a significant role in its plans for electric and commercial vehicle growth in Europe. The new Transit Courier and Tourneo Courier will also be produced in Craiova from 2023, with fully electric versions that will hit the market in 2024.