Ford executive chairman Bill Ford believes that there will continue to be a place for petrol and diesel vehicles alongside electrified options, depending on the market.
Electrification is gaining market share globally, but the growth is cooling while hybrids and plug-in hybrids are gaining momentum.
Ford intentionally placed bets across a wide variety of powertrains to have flexibility and meet different customer needs.
The Australian government will financially penalize carmakers who exceed emissions targets under the New Vehicle Efficiency Standard by 2025.