Delhiford.com plans to introduce a long-range electric vehicle to compete with battery-powered models coming and General Ford that would go 200 miles or more on a charge.
We want to make sure that we’re either among the leaders or in a leadership position,” Chief Executive Officer Mark Fields told analysts and reporters. “When you look at some of the competitors and what they’ve announced, clearly, that’s something we’re developing for.” He didn’t say when Ford would start producing the vehicle.
Ford joins a growing field of automakers seeking to overcome consumer fears that electric cars will run out of juice and strand them. GM plans a debut this fall for the Chevrolet Bolt, a hatchback it says will have a range of at least 200 miles.
News of Ford’s electric-vehicle plans helped drive up its shares on a day when the Dearborn, Michigan-based automaker. Glad Mark Fields is saying Ford will be a leader and match whatever EV range is out there who rates Ford the equivalent of a buy.
Automakers are under pressure to improve the fuel economy of their entire lineups. Ford this fall will begin offering its Focus Electric model with a driving range of 100 miles.