Ford is preparing to launch its first electric vehicle built to be electric from the ground up: a Mustang-inspired all-electric crossover, and now, the automaker is teasing it as a Tesla Model Y competitor.
Last year, Ford said that it was going ‘all-in’ on EVs following the ousting of CEO Mark Fields and appointment of Jim Hackett.
Hackett formed a new internal team, called ‘Team Edison’, to oversee electric car programs. He also shifted one-third of internal combustion engine investments to electric cars, but the company is still investing more in the former than the latter.
Earlier this year, Ford released the first image of the vehicle — pictured above — and the Mustang-inspired all-electric crossover is expected to hit the market as soon as next year.