The US-based Multinational Automaker ‘Ford Motor Company’ plans to reveal its all-new Electric Transit Cargo Van in November and the company on Wednesday said it as a part of its broader third-quarter (Q3) earnings report.
The company declared in April 2019 plans to sell an all-electric transit for the European market by 2021 and the ford motor company has been, however, talking about manufacturing an electric transit cargo van for more than a year now.
Moreover, this spring, the American automaker company said it would also produce and sell an all-electric version of the cargo van for the North American market starting with the 2022 model year. The firm also said that this electric Transit cargo van is a part of Ford’s more than $11.5 billion funding in electrification through 2022, and more specifically a strategy to go after commercial customers.
New Ford CEO Jim Farley said the decision to include commercial vans in its EV strategy is linked to sales in North America and the firm’s outlook on future growth. However, the Transit Cargo Van and the Ford F- 150 are the two most important, highest volume commercial vehicles in our industry. These vehicles will be true work vehicles, extremely capable, and with unique digital services and over-the-air capabilities to improve productivity.
Ford Motor Company has good reasons to be interested in the commercial market and the firm ended in 2019 with the strongest van sales seen in over 40 years. Also, increasing emission standards in Europe and a growing list of locations implementing bans for new internal-combustion vehicles certainly opens the door to meet new customers’ demand.