U.S. Markets open in 3 hrs 58 mins
  • S&P Futures

    3,292.00
    +28.50 (+0.87%)
     
  • Dow Futures

    26,591.00
    +182.00 (+0.69%)
     
  • Nasdaq Futures

    11,262.50
    +129.75 (+1.17%)
     
  • Russell 2000 Futures

    1,546.60
    +7.40 (+0.48%)
     
  • Crude Oil

    36.59
    -0.80 (-2.14%)
     
  • Gold

    1,880.40
    +1.20 (+0.06%)
     
  • Silver

    23.30
    -0.06 (-0.27%)
     
  • EUR/USD

    1.1737
    -0.0012 (-0.1056%)
     
  • 10-Yr Bond

    0.7810
    0.0000 (0.00%)
     
  • Vix

    38.73
    +5.38 (+16.13%)
     
  • GBP/USD

    1.3016
    +0.0029 (+0.2252%)
     
  • USD/JPY

    104.1100
    -0.1910 (-0.1831%)
     
  • BTC-USD

    13,184.01
    +20.62 (+0.16%)
     
  • CMC Crypto 200

    260.68
    -12.01 (-4.40%)
     
  • FTSE 100

    5,600.01
    +17.21 (+0.31%)
     
  • Nikkei 225

    23,331.94
    -86.57 (-0.37%)
     

Ford Mustang Mach-E: The first all-electric Ford is here

Pras Subramanian
·Producer/Reporter

Ford (F) took its time. But for its first electric vehicle, the 116-year old automaker did something a little controversial.

The Mustang Mach-E is an all-new, fully-electric crossover that Ford says is part of the “Mustang family.” That means it has some styling cues from the famous pony car, but that’s about it. It’s not a coupe, convertible, or special edition Mustang like the Bullitt edition.

The Mach-E will come in a few flavors when it arrives in showrooms in late 2020. There will be available standard and extended-range battery options with either rear-wheel drive or all-wheel drive, using permanent magnet motors - the same kind used in the Chevy (GM) Volt and Tesla (TSLA) vehicles.

Ford Mustang Mach-E
Ford Mustang Mach-E

For the Mach-E with the extended-range battery and rear-wheel drive targeted, Ford is targeting an EPA-estimated range of at least 300 miles. In extended-range all-wheel-drive configurations, the Mach-E will pump out 332 horsepower and 417 lb.-ft. of torque.

But that’s not all. Ford will also offer two special performance versions - a GT version (see what Ford did there) and a GT Performance Edition. Both GT models will boost output to 459 horsepower and a very healthy 612 lb.-ft. of torque. Ford says the GT Performance Edition will likely have a 0-60 mph time in the mid-3-second range, while the standard GT will do the sprint in under 4 seconds.

Ford Mustang Mach-E
Ford Mustang Mach-E

Pricing for the Mustang Mach-E in the ‘select’ base trim (rear-wheel drive, standard range) starts at $43,895, with the GT starting at $60,500. There’s also a First Edition as well as a California RT.1 edition that go for $59,900 and $52,400 respectively. You check the Mustang Mach-E website for all the configurations and pricing.

Now for comparison sake, the upcoming Tesla Model Y rear-wheel drive long range version will cost around $48,000, with an estimated range of 300 miles and a 0 to 60 mph time of 5.5 seconds. A Model Y long-range with all-wheel drive will set you back $52,000 and have a range of 280 miles (with a 0 to 60 mph time of 4.8 seconds), and the performance version Model Y will cost $61,000 and have a range as well of 280 miles, but a 3.5 second 0-60 mph time. Note these are all estimates from Tesla.

Ford Mustang Mach-E
Ford Mustang Mach-E

For Ford, its first stab at an all-electric vehicle being a Mustang means the company wants to focus on performance first - not necessarily efficiency. “The Mustang Mach-E wholeheartedly rejects the notion that electric vehicles are only good at reducing gas consumption,” said Hau Thai-Tang, Ford’s chief product development and purchasing officer. “People want a car that’s thrilling to drive, that looks gorgeous and that can easily adapt to their lifestyle – and the Mustang Mach-E delivers all of this in unmatched style.”

Inside the cabin the main attraction will be a Tesla Model S-like 15.5-inch touch screen that Ford says will be simpler and “ditches complicated menus,” making it easier to access features “with touch, swipe and pinch controls.” The next-generation of Ford’s SYNC infotainment system makes its debut in the Mach-E as well.

Prospective customers can put down a $500 deposit now to reserve their Mustang Mach-E, with deliveries starting in spring 2021.

Ford Mustang Mach-E
Ford Mustang Mach-E

——

Pras Subramanian is a reporter for Yahoo Finance. You can follow him on Twitter and on Instagram.

Related stories:

Porsche Taycan revealed: The monster stats behind Porsche’s big electric bet

‘2 Dudes’ road test: the all-electric Jaguar I-PACE

The Tesla Model 3 will be a great car—someday

Road Test: 2018 Porsche Panamera Turbo S E-Hybrid Sport Turismo