Ford Drops $11 Billion to Release 40 Electric Vehicles By 2022

Recently, the most unexpected Ford team member announced he had been selected to lead a team to develop a ton of new electric vehicles for the automaker. That man is Darren Palmer, self-proclaimed Mustang enthusiasts and one of the geniuses behind the new-generation Mustang.

Palmer announced Ford tapped him to be the director of Ford Team Edison, a team dedicated to leading the charge in Ford and Lincoln’s upcoming EV surge. That’s right, a car nut — not unlike myself — who just took delivery of a Shelby GT350R will lead Ford’s EV future.

Despite his love for amazing internal-combustion engines, Palmer understands EVs are the future and is excited to be a part of this charge. Ford is obviously excited too as Palmer announced the brand tossed an $11 billion investment in developing 40 new global EVs by 2022. Of those upcoming EVs, Ford Team Edison will manage 16 of them.

One of those 16 EVs is the Mustang-inspired utility vehicle in the image above. Ford expects to have this 300-mile EV in showrooms in 2020.

There is no information on what other EVs Ford and Lincoln plan to develop, but with the brand going to an all-crossover and SUV lineup soon, we figure they will all be utility vehicles like the Mustang-inspired one teased today.

Can’t wait for Ford’s EVs? We have plenty of Ford models here at the Garber Automall new-car showroom serving Jacksonville, Florida. Come by and test drive one today or check out our online inventory.