Ford Motor Company (NYSE: F) yesterday said it plans to introduce a small electric vehicle in the U.S. in 2011, as part of a larger plan for electric, hybrid and plug-in hybrids over the next four years.
Ford unveiled the plan at the 2009 North American International Auto Show in Detroit. The company said it is working with auto parts supplier Magna International (MGa.TO) to introduce the small battery-powered car, using a lithium-ion battery, with a range of up to 100 miles per charge.
In addition, Ford plans to introduce an electric commercial van in 2010
in North America, and "next-generation" hybrid vehicles, including a
plug-in version by 2012.
Ford said in a release that it is committed "to deliver the best or among the best fuel efficiency with every new vehicle it introduces."
In Related News…
Honda Motor Co (NYSE: HMC) said it will begin selling its dedicated hybrid model, the Insight, in Japan in February, followed by launches in Europe and the United States in March and April.
The vehicle, which the company hopes will reproduce the hybrid-only success of the Toyota Prius, has a listed mileage of 40 miles per gallon in city driving and 43 mpg on the highway.
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I’m glad to see Ford moving in the right direction, a few years behind but at least they’re trying to get it together.