Ford announces further $11bn investment in hybrids and electric vehicles by The Good Shopping Guide | Jan 17, 2018 | Ethical Shopping Blog | 0 comments It was not long ago that global car maker, Ford, was in the news for being one of a number of companies in support of a new sustainable materials initiative. Ford’s latest announcement is also making headlines, as the company announces plans for a further $11bn investment in hybrids and electric vehicles. This investment aims to bring 24 plug-in hybrids and 16 fully electric vehicles to market by 2022. As reported by Business Green, it signals “more than doubling its planned investment in low carbon vehicle development”. But what is also notable is the company’s suggestion that they are working on a new EV strategy, following encouraging comments by Raj Nair, head of Ford’s North American operations. On the topic of developing a future low-carbon economic, he is quoted as telling Bloomberg: “We believe man-made CO2 is contributing to climate change and we’ve got our part to play”. Read more.