• 3 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 4 days How To Invest In The Cybersecurity Boom
  • 6 days Investors Are Patient With Unprofitable Giants
  • 8 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 10 days 5 Stocks To Keep A Close Eye On This Year
  • 11 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 12 days Central America Is Ready For The Bitcoin Hustle
  • 14 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
  • 15 days Top Performing Stocks As Inflation Fears Grow
  • 16 days US Airline Stocks Take A Beating On New EU Restrictions
  • 17 days This IPO Could Open Sustainable Fashion Floodgates
  • 18 days Crypto Crime Nets Another $2B Fraudster
  • 20 days This Week’s Hottest Meme Stocks
  • 21 days Why World Markets Should Be Watching Germany Closely
  • 23 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
  • 26 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
  • 27 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
  • 28 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit
  • 28 days International Banks Blacklist Afghanistan Following Taliban Takeover
  • 30 days China’s Tycoons Are Getting A Serious Reality Check
Oilprice.com

Oilprice.com

Writer, OilPrice.com

Information/Articles and Prices on a wide range of commodities: We have assembled a team of experienced writers to provide you with information on Crude Oil,…

Contact Author

  1. Home
  2. News
  3. Breaking News

Ford Set To Launch Mustang-Inspired EV

EV

Ford Motor Company will reveal on November 18 an all electric SUV inspired by its iconic Mustang, one of the world’s largest auto manufacturers said, as legacy carmakers try to grab shares of the growing electric vehicle market.    

Ford released the first design sketch of the all electric SUV on Thursday and said that the global reveal will be livestreamed from Los Angeles on November 18.

The new vehicle, which Ford described as “game-changing”, has a targeted driving range of up to 600 kilometers, or more than 370 miles under Worldwide Harmonized Light Vehicle Test Procedure (WLTP) regulations.

Although Ford has not released many details for the upcoming Mustang-inspired electric SUV, Electrify America, which recently partnered with Ford for public charging networks, said last week that “Ford estimates that its all-new, all-electric Mustang-inspired SUV will be capable to charge up to 47 miles in 10 minutes using Electrify America DC fast chargers, providing peace of mind for customers to be able to charge in minutes, not hours.”

The Mustang-inspired SUV is expected to be a competitor for the Model Y that Tesla plans to begin producing next year. Ford is likely to target competition with Model Y on pricing, too, so it is expected that the Mustang-like electric SUV could sell for between $40,000 and more than $60,000, depending on the version and range, according to The Detroit Bureau

As early as in October 2017, Ford said that it would be targeting aggressive cost cuts, build connected vehicles, and reallocate capital to segments in which it can win in the future—and electric vehicles are a major part of that plan.

Ford is also collaborating with Germany’s Volkswagen and Argo AI to introduce autonomous vehicle technology in the U.S. and Europe, “positioning both companies to better serve customers while improving their competitiveness and cost and capital efficiencies,” as Volkswagen said in July announcing the collaboration.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment