The Electrification Era Moves Closer for Cars
Ford said this week that it will spend $11 billion on electrified vehicles by 2022, including 16 new full battery-electric models. Its plans include a gas-electric hybrid version of its cornerstone pickup, the F-150, as well as a high-performance all-electric supercar, which it’s calling the Mach 1. That comes just a few weeks after GM's CEO, Mary Barra, said the automaker is committed to an all-electric future, with 20 new models by 2022. Two of those will be battery-electric crossovers based on the Chevy Bolt in the next 18 months.