07/03/2020

Ford Isn’t Worried About Low Gas Prices Fueling EV Avoidance

Source: Fleet Management Weekly

While an extreme upward spike of gas prices might boost electric-car sales, there’s little or no precedent to show that a sudden drop in gas prices – like earlier this year – will cause sales of EVs to fall.

Ford is now expecting that by 2030 up to a third of all vehicles sold globally could be EVs and doesn’t see the success of its EVs like Mach-E as being tethered to the price of gas.

Ford’s global director of electrification, Mark Kaufman said, “a lot of the different CO2 demands from around the world are going to drive us that way. Ford’s perspective is in order to meet that demand, you’ve got to really come up with a compelling reason for the customers to buy – so exciting products, great capability, new functionality that you can’t quite get with a conventionally powered vehicle for us are all ways that we can help manage that transition to the end of the decade.”

Read the article at Green Car Reports.