Ford has announced it will sell only electric vehicles (EVs) in the UK and Europe by 2030.

The manufacturer said all cars and vans will have an all-electric or plug-in hybrid option by 2024 as it expects two-thirds of commercial vehicle sales to come from these segments.

The company has also unveiled a $1 billion (£720m) investment in a new EV manufacturing facility in Cologne, Germany.

The move is part of Ford’s $22 billion (£15.7bn) global investment in electrification through 2025.

A few days earlier, Jaguar announced it will become an all-electric brand by 2025.

Stuart Rowley, President of Ford of Europe, said: “We will offer an exceptional range of electrified vehicles, supported by customer-centric digital services and experiences, allowing our customers to come with us on the journey to a fully electric future.”