Ford to democratize electric vehicles

These vehicles are expected to grow the fastest compared to other types due to their ability to attract investments, but at the same time, Ford may have to worry about research costs, which analysts say will escalate to $70 billion in the next five years. United States regulations demand a near-doubling of vehicles’ average fuel efficiency between 2011 and 2024, from 27.5 miles per USA gallon to 54.5 mpg. Meanwhile, Ford is going to bring Mondeo, which is the overseas variant of the Fusion, and C-MAX Energi hybrids to China in 2016 as well. Ford has announced a major investment in electric vehicle technology, as the sector scrambles to win the zero-emissions race. The new Focus will take an 80% charge in 30 minutes, about two hours faster than the current version, Ford said.