Yesterday, Ford announced that by 2020 will invest $4.5 billion in Electric Vehicle development, its largest pledge yet.
This would sum up to the industry competition for offering EVs progressively cheaper and with longer range. Perhaps the most remarkable part of this business strategy is that Ford expects the same return on investment for its $4.5 billion spent on electric projects as it would expect from investment in gasoline-powered vehicles.
These are big words. Electric Vehicles as profitable as IC ones? In five years from now, it seems clear V2G will experience an startling development.