Ford to add 13 electric vehicles to its lineup

Ford has announced plans to increase its spending on electric vehicle (EV) development by $4.5 billion over the next five years, and it plans to roll out 13 new EVs over that time.

By 2020, 40% of Ford's vehicles will include EV models, the company said. The move represents Ford's largest-ever EV investment in a five-year period, it said.

Ford also announced a new Focus Electric, which features a new direct current (DC) fast-charge capability that can charge a vehicle to 80% capacity in around 30 minutes, offering an estimated 100-mile range. That's about two hours faster than today's Focus Electric. The new Focus Electric will go into production late next year.

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