In the past few years, Ford has done just about all it can to formally declare its plans to become one of the market leaders in electrification – and the company’s putting its money where its mouth is.
In early 2022, Ford announced it is increasing its electric vehicle investment to $50 billion through 2026, up from what the company previously announced would be $30 billion by 2025. In addition, the company announced it is completely separating the EV portion of its business from its internal combustion engine offerings. Ford Blue will be the business unit overseeing ICE vehicles, and Ford Model 3 will focus on electric vehicles.
With this restructuring plan, Ford says it plans to produce 2 million EVs annually and generate a 10% operating profit margin by 2026. Ford is also targeting a 600,000 global EV run rate by late 2023, including 150,000 F-150 Lightnings in North America alone.
The company is taking an especially focused approach to the European market over the next couple of years, announcing seven new EVs by 2024 – three new passenger vehicles and four new commercial ones.
Here’s what to know about the latest electric Ford models (base trims as of Q4 2022):
Mustang Mach-E – Though some critics believe the Mach-E doesn’t quite live up to the legendary performance of former ICE Mustangs, that doesn’t mean it doesn’t have performance to brag about. For starters, the GT trim hits 60 from zero in 3.5 seconds and offers 480 horsepower alongside 634 lb.-ft. of torque. Less powerful models have 266 to 346 horsepower and 317 to 428 pound-feet of torque, but no matter what trim drivers opt for, the Mach-E comes with a style and swagger that match its fabled name badge.
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Mustang Mach-E |
|
|
Base Price |
$53,375 |
|
Range |
260 miles |
|
Seats |
Five |
|
Cargo Capacity |
29.7 cu. ft. |
|
Base Drive |
RWD |
F-150 Lightning – To turn America’s best-selling truck all-electric is a bold statement by the manufacturer, putting its chips on the table that its traditional F-150 customer will go electric too. Critics are overall impressed with both the performance and utility of this vehicle. However, recent supply chain issues have caused the manufacturer to add a significant increase to its original mid-$40k MSRP. Ford announced improvements for F-150 Lightning vehicles built starting fall 2022, including a boost to standard range battery models (240 miles, up from 230) and the addition of Pro Trailer Hitch Assist technology. Pro Trailer Hitch Assist automatically controls steering, throttle and brake inputs to make hitching trailers easier.
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F-150 Lightning |
|
|
Base Price |
$51,974 |
|
Range |
240 miles |
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Seats |
Five |
|
Cargo Capacity |
50.9 cu. ft. w/ seat area + 14.1 cu. ft. of front truck space |
|
Base Drive |
AWD |
Escape Hybrid/Plug-in Hybrid – Sold in both HEV and PHEV versions (and even an ICE version!) the Ford Escape is one of the more affordable hybrid SUVs on the market. As a plug-in hybrid, the Escape offers an all-electric driving range of up to 37 miles, which is impressive compared to competitors’ offerings in this category. Critics say cabin materials and acceleration are slightly lacking here, but at this price point, it’s difficult to complain too loudly.
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Escape |
Hybrid |
Plug-In Hybrid |
|
Base Price |
$27,500 |
$36,950 |
|
Range |
568 miles |
520 miles (37 all-electric) |
|
Seats |
Five |
Five |
|
Cargo Capacity |
30.7 cu. ft. |
30.7 cu. ft. |
|
Drive |
FWD |
FWD |
Maverick – Ford designed and marketed the Maverick not necessarily for truck owners, but instead for customers coming from owning small cars and sedans – aka “the truck for people who never knew they wanted a truck,” Ford says. The company says it’s the only pickup truck to come standard with a 2.5L full hybrid engine. It’s also Ford’s smallest pickup length-wise, coming in about 10 inches shorter than the Ranger.
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Maverick |
|
|
Base Price |
$22,195 |
|
Range |
363 miles |
|
Seats |
Five |
|
Cargo Capacity |
33.3 cu. ft. |
|
Base Drive |
FWD |
E-Transit Van – One of the best-selling commercial van brands in the U.S. is also now available all-electric. The newest all-electric models come in three lengths, three roof heights and three models (cargo van, chassis cab or cutaway). Each vehicle also has Pro Power OnBoard available to provide 2.4kW of power for tools and electronics, eliminating the need for an onsite generator for most.
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E-Transit Van |
|
|
Base Price |
$49,575 |
|
Range |
126 miles |
|
Seats |
Two |
|
Cargo Capacity |
275-543.2 cu. ft. |
|
Base Drive |
RWD |
