The new investment in electric cars is being welcomed by states worldwide, with China, the United Kingdom and France having all announced plans to phase out vehicles powered by combustion engines and fossil fuels between 2030 and 2040.
Ford believed that the answer would be positive.
In the United States, General Motors Co has outlined plans to introduce 20 new battery and fuel cell electric vehicles by 2023, majority built on a new dedicated, modular platform that will be introduced in 2021. Speaking to Jalopnik, Ford Executive Vice President Raj Nair confirmed that the Mach 1 will not be based on the Mustang, and will instead be built on a unique platform since it will be battery electric.
"If we want to be successful with electrification, we have to do it with vehicles that are already popular".
N. Korea: Future of Inter-Korean Relations Depends on S. Korea's Efforts
Meanwhile, The Wall Street Journal says it's standing by its account of the interview. "I think you people are surprised". " President Trump said, I'D probably have a very good relationship with Kim Jong Un of North Korea ".
Volkswagen said in November it would spend $40bn on electric cars, autonomous driving and new mobility services by the end of 2022 - doubling a previous commitment.
The American auto giant said the increased spending will lead to 16 fully electric and 24 hybrid and plug-in hybrid models.
Mr Ford told reporters: "We're all in on this and we're taking our mainstream vehicles, our most iconic vehicles, and we're electrifying them".
"Ford will prepare for disruption by becoming fit", the executive said.
Samsung Galaxy S9 leaks: All you need to know
Coming off the Galaxy Note 7 fiasco in 2016, Samsung previously decided not to unveil the Galaxy S8 series in February 2017. Samsung has also installed 4 GB RAM in the device, and says the phone will support wireless charging, according to the box.
Of the planned 40 electric models, 16 will be entirely electric. I don't think it ever will be until we solve the energy problem, but at least Ford seems to want to do something about it, and that can't be bad.
The new hybrid range will be part of Ford's global electrification strategy, which will see "13 new global electrified vehicles" come ton market in the next five years.
For now, Nissan Motor Co Ltd's 7-year-old Leaf remains the world's top-selling electric vehicle and the company's sole battery-only auto - an offering soon to be swamped by new rivals bringing tougher competition that could add pressure to pricing.
Watch a Delta IV rocket launch a secret satellite to space
The launch will happen at Space Launch Complex-6, which sits about 140 miles west of downtown Los Angeles. As usual, no one knows what the NROL-47 satellite is all about and what its mission is.