However, the biggest piece of Ford’s $4.5 billion investment in the future of mobility is the automaker’s announcement of a 300-mile electric vehicle. Obviously, Ford is targeting the 2017 Chevrolet Bolt EV with such a vehicle.
Ford Authority reports the Bolt EV’s rival will arrive by the year 2020 as well and sit as an “SUV” of sorts. Though, it’s likely it will be a crossover. Automakers love to toss around the “SUV” acronym these days.
The battery-electric vehicle could wear the “Model-E” designation, as Ford moved to trademark the name in late 2013, and it’s tipped to be assembled at Ford’s Flat Rock, Michigan assembly plant alongside the Ford Mustang and Lincoln Continental.
Chevrolet and General Motors beat nearly every automaker to the punch when announcing the 2017 Bolt EV for production just last year. Since then, GM kept its promise of delivering the first production Bolt EVs by the end of last year, as sales commenced on the west coast on December 13, 2016.
Analysts have consistently stated EV adoption rates will climb as more automakers climb aboard the technology. And, as they say, competition is good for everybody.