This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ford: All-Electric Car Now For Sale

DETROIT ( TheStreet) - Ford (F - Get Report) is now taking orders for its first all-electric, non-gasoline vehicle.

The automaker said Wednesday drivers who want to stop using gasoline and stop getting oil changes can order the 2012 Ford Focus Electric online at Ford.com and place their orders with a Certified Electric Vehicle (EV) dealer.

2012 Focus Electric

"Today is an historic day, as Ford opens up the order banks for the company's first full production, all-electric passenger vehicle - the Focus Electric," said Chad D'Arcy, Focus electric marketing manager, in a prepared statement.

Focus Electric will list at $39,995, the same as the price of GM's (GM - Get Report) Chevrolet Volt but more than the $35,000 that Nissan charges for the Leaf. All three electric vehicles are eligible for a $7,500 federal tax credit.

GM said Tuesday that Volt sales totaled 1,108 in October and 5,003 in the first ten months of 2011. It said that availability of the Volt is increasing and that it remains possible to achieve a stated goal of selling 10,000 Volts this year.

A limited number of Focus Electrics will initially be available in Los Angeles, San Francisco, San Diego and the New York/New Jersey area.

During 2012, availability will expand to 15 additional markets, including Atlanta; Austin and Houston, Texas; Boston; Chicago; Denver; Detroit; Orlando, Fla; Phoenix and Tucson, Ariz.; Portland, Ore.; Raleigh Durham, N.C.; Richmond, Va., Seattle, and Washington, D.C.

Focus Electric will come standard with a wide variety of options including MyFord Touch, MyFord Mobile App, 17-inch aluminum wheels, ambient lighting, seats made from 100-percent recycled material and a rear camera with rear parking sensor. The only options are leather seats and two paint colors.

Ford Electric stores energy in a lithium-ion battery pack that uses liquid cooling to help ensure a long life and optimal performance. The battery can be recharged in just over three hours using a 240-volt charging station. That is half the charging time of the 2012 Nissan Leaf, Ford said.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
F $15.53 0.00%
GM $35.01 0.00%
AAPL $125.80 0.00%
FB $77.56 0.00%
GOOG $530.80 0.00%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs