Ford statements on signing the ambitious RouteZero initiative at COP26

We are moving now to deliver breakthrough electric vehicles for the many rather than the few and achieving goals once thought mutually exclusive – protect our planet, build the green economy, and create value for our customers and shareholders. It will take everyone working together to be successful. Partnerships like RouteZero can build momentum and deliver real solutions.”
Cynthia Williams, global director sustainability, Homologation and Compliance

“Ford has signed the ambitious RouteZero initiative which aims to reduce carbon associated with road transportation. We join more than 50 businesses, cities and regions that have pledged to work together toward 100 percent zero-emission cars and vans globally by 2040, and in leading markets no later than 2035.

“Electrification represents the most transformative change of our industry in over 100 years and at Ford of Europe, we are leading the way in our ambition to create a sustainably profitable all-electric future. We’re doing this with both passenger vehicles and commercial vehicles, providing customer choice while delivering CO2 performance.”

Stuart Rowley, president, Ford of Europe

Background

Ford is proud to work with RouteZero, a global coalition working towards 100% fully electric vehicles globally by 2040, and in leading markets no later than 2035.

  • This builds on Ford’s previous commitments as part of President Biden’s agenda to reduce greenhouse gas emissions in the United States by 50-52% by 2030, and its announcement that Ford is on track to reach 40-50% fully electric vehicles sales in the U.S. by 2030. Ford also joined the Department of Energy’s Better Climate Challenge to reduce greenhouse gas emissions from its facilities by at least half in the same timeframe.
  • Ford expects that 40% of its global vehicle mix to be fully electric by 2030. All passenger vehicles sold in Europe will be all-electric in the same timeframe, while two-thirds of commercial vehicle sales in Europe will be all-electric or plug-in hybrid by 2030.

Ford announced on Nov. 4 the launch of its sustainable financing framework and the largest green bond in U.S. corporate history, $2.5B. The bond is being well received by investors: “It is a strong example of a legitimate green bond,” James Rich, a senior portfolio manager at Aegon Asset Management, said via email. “It passes our proprietary labelled bond assessment process with their focus on zero-emission vehicles and associated infrastructure, and is strongly aligned with long-term trends towards a sustainable global economy.”

Ford is also putting pre-production models of its fully-electric commercial van, the
E-Transit, on the road as part of a FordPRO commercial pilot with National Grid and Penske, positioning its role as a key fleet decarbonization partner. 

Source: Ford, https://media.ford.com/content/fordmedia/feu/en/news/2021/11/10/ford-statements-on-signing-the-ambitious-routezero-initiative-at.html