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Ford to invest in electric cars

Ford are set to boost its investment in electric vehicles in the next five years.

The car company giant are planning to invest £8bn into electric cars, doubling a previous commitment, and chairman Bill Ford said the car maker would have 40 hybrid and fully electric vehicles by 2022, the BBC reported.

Countries around the world are putting more pressure on car makers to reduce the amount of carbon emissions and rival companies including General Motors, Toyota and Volkswagen have already outlined plans for electric cars.

Bill said at the Detroit Auto Show on Sunday (04.01.18): "We're all in on this and we're taking our mainstream vehicles, our most iconic vehicles and we're electrifying them.

"If we want to be successful with electrification, we have to do it with vehicles that are already popular."

Stephanie Brinley, a senior automotive analyst at IHS Markit, said it was part of a bigger trend of car makers investing in electrification.

She said: "Part of it is about tougher regulation but also the expectation that electric vehicles will support autonomous driving.

"The big question is how quickly consumers will adapt, as electric is only 1% of the market right now.

"Changing that will take better infrastructure on our roads, but also having more electric vehicles available."

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