Ford shifts gears, invests $11 billion in future of electric car production

By Keith Naughton, Ryan Beene and Gabrielle Coppola / Bloomberg News
Published by The Omaha World-Herald

Ford Motor Co. will more than double its spending on electric vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market.
The carmaker will shell out $11 billion to bring 40 electric vehicles to market by 2022, Jim Farley, president of global markets, said during a presentation at the Detroit auto show. That’s up from the $4.5 billion that Ford said in late 2015 it would invest through the end of the decade.
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ALSO OF POTENTIAL INTEREST
NPPD’s pilot EV charging station incentive program
Nebraska Public Power District, in partnership with its wholesale utility customers, has a need to understand the future impact of electric vehicle charging on the electric distribution system. Electrification of the transportation sector is expected to grow and have a substantial impact on the electricity delivery system. By collecting data on individual charging stations, the utilities can better implement strategies to maintain and improve utility infrastructure. In order to collect this information, the utility is offering an incentive to eligible customers with qualifying equipment. A $200 EnergyWise incentive for the installation of a residential vehicle charging station is available for a limited time from Nebraska Public Power District and your local public power utility.