Ford will unveil its Mustang-inspired electric SUV on November 17th

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Ford will unveil its first mass-market electric vehicle ? a Mustang
-inspired SUV codenamed ?Mach 1? that was first teased in J
anuary 2018 ? on November 17th, the company announced on Thursday.
The century-old automaker has been relatively tight-lipped about what to ex
pect from the electric SUV, aside from saying that it will draw inspiration
from the company?s famous muscle car and that it will be able to t
ravel more than 300 miles on a full charge, which is a huge improvement ove
r the automaker?s earlier electric vehicles.
The new vehicle, which is also now rumored to be called ?Mach E,?
?? has been spotted a number of times in recent months in testing camou
flage. There?s been speculation that it will cost around $50,000, c
ome in short and long-range variants, and be available in rear or all-wheel
drive configurations.
The new EV is expected to be the flagship of Ford?s big $11 billion
push into electric vehicles, which is supposed to spawn 40 all-electric an
d hybrid vehicles by 2022 (across all of Ford?s global markets). Fo
rd has also teased an all-electric F-150 truck that is expected to follow t
he SUV into the market.
Ford has diversified its electrification plans since announcing the $11 bil
lion effort in 2018, too. The company announced this past April that it wil
l build an electric SUV using tech from EV startup Rivian as part of a $500
million investment. Ford is also partnering with Volkswagen, and it will b
uild at least one electric vehicle using Volkswagen?s modular EV pl
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