E is for exclusive

Ford’s chief executive financial officer, Lewis Booth, has raised concerns about the viability of electric vehicles without government subsidies.

Electric and hybrid models are all the rage at the Geneva Motor show, which opened on Monday, with most car makers unveiling an electric or hybrid model.

But Mr Booth said: Electric vehicles at the moment are still very expensive and have limitations. There is a question mark about how long governments can subsidise vehicles when they are under so much pressure from other funding issues.

‘Some of the sales projections... for electric vehicles are very ambitious because I am not sure how customers are going to be able to afford to pay.

‘Our philosophy is that we have a suite of technologies, from continuing to improve conventional vehicles, right through to plug-ins, hybrids and electric vehicles. The customer is going to decide and we want to satisfy all customers, not just rich customers.’

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