At a recent economic conference, Ford's CEO Alan Mullaly told reporters "in 10 years, 12 years, you are going to see a major portion of our portfolio move to electric vehicles."
The car company is planning an electric commercial van for 2010, an electric sedan for 2011 and a plug-in hybrid SUV for 2012. Beyond those plans, Mullaly believes that ten years will bring a substantial improvement in the internal combustion engine and, more importantly, that the focus across all car companies will turn to all-electric vehicles instead of hybrids.
In the interview he stated that he believes low oil prices are only temporary and that prices will continue to go up over time.
It has taken the big auto companies a while to figure all this out, but I'm glad that they've finally come around. Let's hope this is a sign of a major turn-around for Ford and the rest of the American car makers. I'm looking forward to the future if this is true.
via All Cars Electric
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