Ford Motors Company confirmed recently that they will be offering seven new electric cars within the next five years and one of the will be a plug-in hybrid version of its most iconic car – the Ford Mustang.
“As more and more consumer around the world become interested in electrified vehicles, Ford is committed to being a leader in providing consumers with a broad range of electrified vehicles, services and solutions that make people’s live better,” said Ford CEO Mark Fields.
Other than the Mustang, Fields said that Ford will also electrifying its iconic F-150 pickup as well as the Ford Transit van for the European market.
Apart from these three iconic vehicles, Ford is also putting in plans to introduce a fully electric 483-km range SUV for the global market by 2020.
Ford will be investing 4.5 billion USD to fast-track its electric vehicle development program to keep up with GM as Chevrolet became the first US car company to launch an affordable electric car with over 370km range last December and the Bolt cost USD30,000 and first deliveries are on its way.
“[Our] global EV strategy is to build on our strengths,” said Raj Nair, executive vice president, Product Development, and chief technical officer. “While some others seem to be focused on marketing claims and numbers, we’re focused on providing customers even more of what they love about their Ford vehicles. This means more capability for trucks, more productivity for commercial vehicles and more performance for sports cars — plus improved fuel economy.”