Ford doubles down on EVs in Europe with $2 billion push

Ford announced plans to introduce seven new electric vehicles in Europe as part of a $2 billion investment. The automaker aims to sell 600,000 battery-powered vehicles on the continent by 2026, building toward a goal of all EV sales and complete carbon neutrality across its production footprint by 2035.

The news comes on the heels of Ford's announcement that it would be splitting its business into two parts: one focuses on traditional gas-powered vehicles called Ford Blue and the other on EVs and software called Ford Model e. Ford expects half of its global sales to be electric vehicles by 2030, including all of its passenger vehicles in Europe.

Previously, the automaker had said it would spend $1 billion to convert a...

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