Ford Invests $1 Billion in Attempt to <br />Go All-Electric in Europe by 2030.<br />On Feb. 17, the automaker announced it is investing $1 billion in a production facility in Cologne, Germany.<br />It will convert the existing assembly plant to focus on the production of electric vehicles.<br />Ford said all of its European passenger vehicle range will be “zero-emissions capable, all-electric or plug-in hybrid” by mid-2026.<br />By 2030, the company will only offer <br />"completely all-electric" passenger vehicles in Europe.<br />Our announcement today to transform our Cologne facility, the home of our operations in Germany for 90 years, is one of the most significant Ford has made in over a generation, Stuart Rowley, Ford of Europe’s president, via statement.<br />It underlines our commitment to Europe and a modern future with electric vehicles at the heart of our strategy for growth, Stuart Rowley, Ford of Europe’s president, via statement.<br />Ford would also like its commercial vehicles in Europe to be more environmentally-friendly by 2024
