Hybrid performance cars aren't anything new, but the cheapest is the near-$150,000 BMW i8. The people's hybrid muscle car car is on its way, though-Ford just announced a hybrid Mustang will debut in 2020.
Ford CEO Mark Fields made the announcement in a Tuesday press conference at the automaker's Flat Rock, Mich. assembly plant, where the Mustang is currently built. Fields also announced a hybrid F-150 and a 300-mile all-electric SUV will debut alongside the hybrid Mustang in 2020.
Ford promises the Mustang hybrid will make horsepower comparable to the current V8 model (shown above), with even more low-end torque. The Mustang hybrid will hit the North American market in 2020.
The F-150 hybrid will also hit production in 2020, and interestingly, can be used as a mobile generator on a job site. Ford also promises that the F-150 hybrid will offer excellent towing and payload capacity.
Along with the three new electric or hybrid products, Ford announced today it will build "a high-volume autonomous vehicle designed for commercial ride hailing or ride sharing," set to debut in 2021; hybrid, pursuit-rated police vehicles; and a plug-in Transit Custom for the European market.
.@Ford will make electric F150, Mustang, Transit by 2020, invest $700M at Flat Rock and 700 jobs
- Melissa Burden (@MBurden_DN) January 3, 2017
To build these new electrified cars, Ford announced that it plans to invest $700 million in updating its Flat Rock plant, canceling previous plans to build a new $1.6 billion plant in Mexico.
This story was last updated at 11:21 a.m. ET.
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