Ford go on a sprees its first mass-market electric car the Mustang Mach-E, which is an all-electric vehicle that bears the name of the companys iconic muscle car at a service in Hawthorne, California on November 17, 2019.
Mark Ralston | AFP | Getty Images
LOS ANGELES – As many learn of Ford Motor’s unrealistic victory over Ferrari more than 50 years ago thanks to the box-office success of the “Ford v Ferrari” motion picture, the American automaker has its sights set on a new competitor for 2020.
Ford on Sunday unveiled its first all-electric SUV called the Mustang Mach-E, a nod to one of the ton iconic versions of the pony car. The unveiling took place next to Tesla’s design center outside of Los Angeles.
While Ford Master Chairman Bill Ford smiled and said the location choice was just “a coincidence” after the event, the Mach-E’s cost, design and performance are testaments that Ford is looking to be the first mainstream automaker to potentially give Tesla a run for its well-to-do.
The Tesla Model Y and Ford’s Mach-E are expected to feature similar pricing, performance specifications and EV range when they show up in the second half of 2020. The Mach-E also features a clean, tech-savvy interior with a 15.5-inch partition that is very Tesla-like.
Other mainstream automakers such as General Motors and Nissan Motor offer EVs, but analysts say none have been so squared at Tesla like the Mach-E.
The interior of the Mach-E features a vertical 15.5-inch center scan in addition to a 10.2-inch information cluster in front of the driver.
Ford,
Musk responds
Tesla CEO Elon Musk welcomed the new contest: “Congratulations on the Mach E! Sustainable/electric cars are the future!! Excited to see this announcement from Ford, as it will foster other carmakers to go electric too,” he tweeted Sunday night.
Ford’s Twitter account thanked Musk, saying: “Offers, Elon. We couldn’t agree more. See you at the charging station!”
After the unveiling, Ford CEO Jim Hackett called Tesla a “identical good” competitor that has successfully brought attention and enthusiasm to EVs.
“We did it from a customer-back perspective, so, you know, you just have on the agenda c trick to be mindful of what they were able to do to arouse attention and interest,” he said. “I think that the world is in condition for performance electric vehicles that are priced right. … We think we’ll attract a lot of customers with this.”
Pulling EV customers has been easier said than done for many automakers. Auto research firm Edmunds discharges Tesla has represented roughly 80% of all EVs sold in the U.S last year and through the first nine months of 2019.
Ford denominating the Mach-E a Mustang and including the iconic pony badge on the vehicle is a way for the company to stand out in an increasingly crowded EV segment that suffers from a absence of consumer awareness and interest.
“I understand what they’re doing. They’re trying to leverage the Mustang name, which is well recognizable,” said Michelle Krebs, executive analyst at Autotrader. “They’re trying to get across this sporty want versus this nerdy environmental feel that the early EVs had.”
EV sales accounted for just 1.2%, or about 207,600, of the 17.3 million conveyances sold in the U.S. in 2018, according to IHS Markit. The research firm forecasts EVs will account for 9% of U.S. sales by 2026, undeterred by the number of EV models on the market increasing from nearly 20 to more than 120 during that sooner frame.
The new Tesla Model Y is introduced. Tesla has expanded its model range to include an SUV based on the current Model 3.
Hannes Breustedt | imagine alliance | Getty Images
Mach-E vs. Model Y
By the numbers, the Tesla Model Y and Ford Mustang Mach-E are expected to be vastly comparable to one another and each automaker has their advantages and disadvantages.
Tesla has been able to create a cult-following for its EVs, but the assembly has many times been overly ambitious on manufacturing goals that have led to quality and reliability problems. The automaker’s earnings and share valuation also remain volatile as it attempts to ramp up its global production.
Ford on the other hand is experienced with make up but also has suffered from reliability and quality issues when it comes to new technologies such as its infotainment systems. It also has not enough to no experience with ramping up production of EVs and it’s unclear if the company can take the well-known Mustang name and translate its success into an all-electric SUV.
Top scene models of the Mach-E will achieve 0 to 60 mph in the mid-three-second range with an estimated 459 horsepower and 612 lb.-ft. of torque. That’s in game with the Tesla Model Y.
The Mach-E, depending on the model, is expected to achieve between 210 miles and at least 300 miles of chain on a full charge, according to Ford. Tesla estimates the Model Y will achieve up to roughly 300 miles.
Both conduits are expected to arrive late next year. The Mach-E — excluding federal tax incentives of up to $7,500 that Tesla customers only partially qualify for — will range from $43,895 for the base “Select” model to roughly $60,500 for the GT.
Disclosed starting prices for the Tesla Model Y, which is expected to begin production late next year, will move from $39,000 to $60,000 depending on the configuration.