Ford to invest £3bn in electric cars

Carmaker plans to launch 13 eco-friendly vehicles by 2020 as regulators call for lower emissions and tech companies encroach on market Ford is to invest $4.5bn (£3bn) in electric vehicles over the next five years as part of a push by global carmakers to overhaul their product range. The US company will launch 13 eco-friendly vehicles by 2020, meaning that 40% of its models will come in an electric version, up from 13%.