Ford unveils all-electric Mustang Mach-E

(Image credit: MARK RALSTON/AFP via Getty Images)

Ford on Sunday unveiled its all-electric 2021 Mustang Mach-E, an SUV based on the automaker's new EV architecture. The Mach-E marks an attempt to expand the appeal of the iconic Mustang and lure in a new generation of buyers. The Mach-E is the first Mustang that isn't a two-door sports car.

The vehicle, with a starting price of about $44,000, is part of Ford's $11 billion effort to introduce 40 new electric and hybrid models by 2022, reports CNBC. Ford said the Mach-E would get 210 miles to 300-plus miles on a charge, depending on the battery option. The Mach-E's performance and price will rival Tesla's Model Y SUV. Ford CEO Jim Hackett said the Mach-E also will have the company's new hands-free driver assist system, similar to Tesla's Autopilot and Cadillac's Super Cruise systems.

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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.