FoMoCo’s electric revolution may have been a long time coming, but it’s finally happening. Late last year, Ford launched the Mustang Mach-E. Now, it seems the other two mainstays of its electric vehicle push — and perhaps, the most important ones — should arrive sooner than we thought. On Wednesday, Ford COO Jim Farley siad that both the Transit EV van and the F-150 EV pickup truck would debut within the next couple of years.
The Transit EV will be a 2022 model year vehicle, presumably launching sometime next year. The F-150 EV should come in mid-2022, as either a 2022 or 2023 model year. Expect both to be vital for Ford’s future.
The F-150 is the best-selling vehicle in the United States by far. And one of the major growth markets moving forward will be converting commercial fleets to zero-emission vehicles. That’s an area where many companies have made a ton of investments. GM has an electric van in the works. So does Tesla. And Amazon has invested in Rivian and placed a massive van order.
In the stock market, perception is reality. So, Ford needs to be seen doing EV things. Tesla is valued higher than the Big Three combined. Electric truck-maker Nikola (also named after Elon Musk’s favorite Serbian inventor) launched with a $34 billion market valuation…despite having neither a truck nor any revenue. Yet Ford is languishing around $6 per share — even with the two Bronco vehicles, the Mach-E and the new F-150 on the way.
What do these new EVs mean for us? Well, judging from other EV truck specs, we can assume the F-150 EV will be the most capable full-size truck Ford offers — if you have access to a home charger. It may also have some rather intriguing storage options. Meanwhile, the Ford Transit is one of the most commonly used vehicles for American camper van conversions, which means zero emissions #vanlife could be attainable in roughly a year.
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