The Ford brand's strategy when it comes to electrification is simple: Stick with what people know. Executives believe convincing the buying public to switch to battery-powered vehicles will be easier if those vehicles are attached to familiar names with cool features, such as the Mustang Mach-E or the upcoming E-Transit and F-150 Lightning.
Ford plans an electric version of the Explorer as well as hybrid models for the Mustang, Ranger and Bronco over the next five years.
Mustang: Ford's iconic pony car will be reengineered for the 2023 model year. The S650 platform isn't expected to change much from the current S550 Mustang, but the car could get an all-wheel-drive system. The seventh- generation Mustang, which will continue to be built in Flat Rock, Mich., is expected to have an eight-year life cycle. Ford will add a hybrid variant in 2025.