Ford announced late last month that it has plans to soon release a long-range electric vehicle that will compete with the Tesla Model S as well as new electric vehicles coming from GM and Nissan.
No development schedule was mentioned for the long-range electric Ford, but the company will probably aim for a release date near the release of the new long-range Chevy Bolt, which Chevy claims will have a range of at least 200 miles, and the similarly ranged next-generation Nissan Leaf. Chevy is aiming for a fall 2016 release of the new Bolt.
Ford CEO Mark Fields said on the matter, “We want to make sure we’re either among the leaders or in a leadership position” in the electric vehicle market and that they are “clearly developing for” the same things their competitors are. With the recent announcement of a more affordable Tesla, the Model 3 priced at the average electric vehicle price of $35,000, the non-luxury EV market will be even more competitive.
Fields also mentioned Ford’s stated plan to invest $4.5 billion over the next several years in developing 13 new hybrid and electric vehicles.
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