Though final details are yet to be released, the deal will likely entail the roll-out of a system to allow plug-ins to transfer stored energy back to the electric grid and recharge their batteries at night when demand is low.
Last month a Ford exec revealed to Reuters that development of new hybrid vehicles is well underway and Chairman Bill Ford Jr. admitted the Blue Oval failed to capitalize on the eco-friendly technology following the release of its first hybrid vehicle back in 2004.
Pictured above is the Ford Edge plug-in hybrid concept car unveiled during January’s Detroit Auto Show. Powered by Ford’s HySeries Drive technology, the Edge plug-in features a fuel-cell powerplant mated with an electric motor and is capable of driving up to 25 miles on a single charge.