Lately there has been a shift to alternatively powered vehicles. Where does Ford stand here?
Ford believes the future of transportation will involve multiple types of fuels – from ultra-efficient EcoBoost® gasoline engines to biofuels to electrification, and many more in between. Ford has invested billions in researching all types of alternative fuel sources. Right now we feel that electrification (hybrids, plug-in hybrids and full battery electric vehicles) is a strong bet for what the market is going to accept, especially with the huge infrastructure investments being made. That is why we will have launched six new electrified vehicles by the end of this year.
Our near-term focus on electrification doesn’t mean we still aren’t continuing research, testing and implementation of other alternative fuel vehicles. Certain Ford cars and trucks already run on biofuels and compressed natural gas (CNG). We also have hydrogen and fuel cell test fleets. We are even looking at components like algae for a future clean fuel source. We have not ruled hydrogen out. We see electrification as the next step and one that will provide us with a good deal of key learnings for developing hydrogen.