Ford Will Introduce its Tesla Model Y Rival Later This Year
Ford Motor Co is all set to make its entry into the electric segment with its maiden offering, which will be an all-electric Mustang-inspired crossover.
The electric vehicle is slated to go on sale in 2020.
Later this year, the blue oval brand plans to unveil the initial concept, which will act as the foundation for the upcoming EV. Ford's new electric crossover will rival the likes of the Tesla Model Y and will likely adopt "Mach-E" as its moniker.
So far, the company has not made any statements disclosing the official name of the upcoming EV. However, industry rumors suggest that Ford will not be using the name "Mach-1" for its first electric vehicle, since it received a negative response from fans of the iconic Mustang.
The Mach 1 was the performance oriented version of the Mustang that was first offered in the 1969 model year. It was produced until 1978. The Mach-1 edition briefly returned in 2003 but was discontinued again in 2004.
The electric crossover will feature a brand new design and platform which will be offered in both rear-wheel and four-wheel drive setups. Ford claims that this platform will provide it with the flexibility necessary to expand the company's ambitious electrification portfolio.
In Europe, this platform will be used as a foundation for a hybrid, all-electric and plug-in hybrid version of every new car that Ford introduces in the market.
The only technical specification that Ford has officially disclosed is the range of the upcoming crossover. On a full charge, Ford's EV will offer 370 miles of all-electric WLTP-certified range, which surpasses the 351 miles mark of Tesla Model X and 292 miles stat of Jaguar I-Pace.
It is likely that Ford will introduce the long-range variant of its EV first. The company has not revealed any details about the performance of its new EV but if company chairman Bill Ford's earlier statements are any indication, the electric crossover will live up to the Mustang's sporty pedigree.
Ford will officially announce the name of the upcoming EV when the automaker unveils the concept by the end of the year.
Last month, during a presentation at a Bank of America summit, Ford confirmed that a performance version will take on the more track-focused Tesla offerings.
Ford is currently developing another crossover EV based on the latest Focus platform that will become the company's mass-market electric offering.
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