When it comes to the fight for an all-electric future, Ford is in the front. Ford has just been one of the 27 corporations that have come together in favor of European regulations on selling new automobiles to ensure the proliferation of electric vehicles. As a result, Ford has committed to developing an all-electric model lineup for its cars and commercial trucks beginning in 2035.
The European Union (EU) is now debating potential regulations concerning the purchase of new electric vehicles and must conclude soon. This is based on a proposal from the European Commission that stipulates that all new cars and vans that are marketed after the year 2035 must produce zero carbon dioxide emissions while being driven. It is just this idea that Ford is rallying behind. This proposal draws a clear line under the significance of gradually eliminating automobiles that run on conventional gasoline so that Europe may meet its CO2 target by the year 2050.
In addition to the demand that all new vehicles sold in 2035 meet the criteria of being CO2-neutral while being driven, it is demanded that required objectives for the development of charging network infrastructure be introduced at the European level.
At Ford, we are confident that the freedom our customers enjoy in terms of their automobiles goes hand in hand with respect for our world and, last but not least, each other. Moreover, we believe that this freedom should not be at the expense of the environment. Because of this, our goal is to have all Ford vehicles run on electric power by the year 2035. The EU must also establish obligatory national objectives to develop charging networks to accomplish this goal. These targets must ensure that the infrastructure in each member state can satisfy the rapidly expanding demand for charging. According to Stuart Rowley, the CEO of Ford of Europe, the company is moving toward the growing popularity of electric automobiles.
Stuart Rowley will be participating in the European Car Climate Summit, where he will be discussing, as part of a panel discussion, whether it is the appropriate time for businesses and people to make the switch to electric automobiles.
Ford is making significant progress toward a future that is entirely electric. At the beginning of this year, Ford disclosed its ambitious ambitions, including introducing nine electrified vehicles by 2024.
Ford Europe has announced many measures over the last year to ensure the growth of electrical technology. Some of these projects are discussed in the most recent Sustainability Report. In addition, Ford has, for the first first time, issued a human rights report that, in addition to concentrating on human rights, also focuses on how Ford's raw materials and finished goods are created. This report is also a first of its kind.
Ford has only lately made public its plan to invest two billion dollars in its product line to achieve the objective of producing even more electric cars for Ford's consumers in Europe. Ford anticipates that its facility in Germany will build 1.2 million electrified vehicles over the next six years.
The BlueOval Charge Network, which Ford operates, now has more than 300,000 charging points spread across Europe. In addition, more than one thousand brand-new charging stations will be installed across Ford's European facilities and headquarters by the year 2023, and employees will have access to these stations.