The Parc of Ford vehicles in United Kingdom attained a value of 4,616,148.92 Units in 2020
The indicator recorded a historical decline (CAGR) of 4.23% between 2017 to 2020, and is expected to decline by...
GlobalData projects the indicator to decline at a CAGR of...
Parc of Ford vehicles in the United Kingdom (2017 - 2025, Units)
Company Summary
Ford Motor Co (Ford) is an automotive company, which designs, manufactures, markets, and services a full line of cars, trucks, sport utility vehicles, and electrified vehicles. The company provides vehicle-related financing and leasing services. Ford markets its products under Ford and Lincoln brand names. It serves customers across South America, the Middle East, Europe, North America, Africa, and the Asia Pacific. The company operates transmission plants, assembly plants, casting plants, metal stamping plants, engine plants, and other component plants across the world. It also operates assembly facilities, manufacturing plants, parts distribution centers, and engineering centers worldwide. Ford is headquartered in Dearborn, Michigan, the US.
Parc status
Ford has remained a leader in the count of PARC by manufacturer ranking since 2015. Also, globaldata predicts it to remain dominant in the ranking for PARC by manufacturer list for the upcoming five years.
Ford joins the charge towards electrification
Ford is the latest global automaker to commit to a bold electrification strategy. The US company has announced that, by mid-2026, all of its models sold in Europe will be capable of zero-emissions driving using either battery-electric or hybrid electric powertrains. Doubling down on the shift away from combustion engines, the automaker goes on to say that, by 2030, all its vehicles sold in Europe will be fully electric.
In addition, the company’s popular range of commercial vehicles will all be capable of zero-emissions driving by 2024, with Ford saying it expects two-thirds of commercial vehicle sales by 2030 to be either fully electric or plug-in hybrid. 2020 marked the sixth consecutive year of Ford’s leadership in the European commercial vehicle market – a position likely to be cemented by further collaborations with commercial vehicle partner Volkswagen and its Ford Otosan production base in Turkey.
Europe is a logical choice for Ford to begin accelerating its electrification plans. While it has begun to launch its EV strategy in North America with products including the Mustang Mach-E and upcoming electric F-150 pickup, that market is still dominated by combustion-powered pickup trucks and SUVs – a particularly robust line of profit for the automaker considering the F-150 is the US’s best-selling light vehicle – that market is not expected to adopt electrified vehicles as quickly as Europe, which favors smaller vehicles for shorter journeys, playing to the strengths of EVs.
Ford’s decision is driven by the auto industry’s increasing rate of acceleration away from combustion power and towards electrification. Governments are beginning to commit to timeframes for the ban on sales of combustion-powered light vehicles – the UK will ban the sale of all non-plug-in models by 2030, while Norway and France will ban the sale of combustion-powered vehicles by 2025 and 2040 respectively. In addition, momentum towards EVs is building driven by investor sentiment – a force that has already established EV leader Tesla as the most valuable car company in the world.
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