Ford EV Update: Four Electric Vehicles Unveiled, Four More Coming This Year

Ford (F) unveiled its line of electric vehicles destined for the European market at the Frankfurt Motor Show in Germany on Tuesday. Ford said it will launch eight EVs in Europe by 2019 with a total of 17 electric-vehicles debuting by 2024.

The portfolio of EVs Ford introduced in Germany include the Kuga Plug-In Hybrid midsized SUV, the Explorer Plug-In Hybrid seven-seat SUV, the Puma Eco Boost Hybrid compact SUV, and the Mondeo Hybrid wagon. Ford’s highly-anticipated, all-electric Mustang-inspired SUV will arrive in 2020.

"There is no ‘one-size-fits-all’ solution when it comes to electrification – every customer’s circumstances and travel needs are different," Joerg Beyer, executive director, engineering at Ford of Europe said. "Our strategy is to pair the right electrified powertrain option to the right vehicle, helping our customers make their electrified vehicle experience easy and enjoyable."

According to Ford, the new electrified lineup’s sales are expected to “surpass conventional petrol- and diesel-models by the end of 2022 in Europe” as the automaker will include an electric option on every new Ford vehicle going forward.

The company said it expects to have sold 1 million electric vehicles by the end of 2022, accounting for half of its passenger vehicle sales.

“With electrification fast becoming the mainstream, we are substantially increasing the number of electrified models and powertrain options for our customers to choose from to suit their needs,” Stuart Rowley, president at Ford of Europe said. “By making it easier than ever to seamlessly shift into an electrified vehicle, we expect the majority of our passenger vehicle sales to be electrified by the end of 2022.”

Shares of Ford stock were down 3.20 percent as of 11:03 a.m. ET on Tuesday.