In a recent interview with National Public Radio Ford CEO Mark Fields says his company has plans to produce a hybrid F-150 by the end of the decade.
While answering a question related to Ford’s $4.5 billion investment in electric vehicles, Fields tells NPR host Ari Shapiro “…we’re working on electrified F-series, and it’s really around a conventional hybrid.”
Fields’ response follows Shapiro’s criticism that sales of Ford’s electric vehicles are “very, very low” compared to its “gas-guzzling trucks.”
Fields tells Shapiro that though current low gas prices are driving consumers away from electric vehicles, Ford expects demand to increase thanks to U.S. regulations and finite supplies of petroleum.
In a press release this week, Ford reports that it’s increased filings for electrification patents by nearly 200 percent in the last five years.
Also during the NPR interview, Fields says that Ford will be offering a ride sharing program similar to Uber.