Ford Releases Teaser of Company's First All-Electric Vehicle

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September 11, 2018—On Sept. 6, Ford released its first teaser image of the codenamed "Mach 1" vehicle, the company's first all-electric crossover that is inspired by the classic Ford Mustang, reported Business Insider.

This vehicle's planned range is 300 miles per charge and it is set to go on sale in 2020, with an expected entry-level price of under $40,000, according to the report. Ford will be competing with comparable electric car models like the Tesla Model 3 and the Chevy Volt sell for $37,100 and $34,095, respectively.

The teaser image showcases the three taillights that are so popular with Mustang fans, as well as the curved coupe-like roof. Mach 1 is a historic name for a high-performance model of the Mustang, and the choice has become controversial. The company has back-tracked on keeping the name for this new electric model after it was poorly received by Mustang purists.

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