Ford Decides to Keep Foot on the Gas

Despite just about every car maker everywhere turning their heads towards the development of electric vehicles, Ford Motor has recently stated that for the time being their well-known Mustang will stick with a traditional gas-powered motor.

This has come as quite a surprise as not long ago the company released its plans to invest roughly $50 billion into the development and manufacturing of electric vehicles. Many are beginning to question why Mustang will stay a gas-power vehicle CEO Jim Farley stated that “it makes good business sense for the foreseeable future.”

One reason Ford may be sticking with the traditional gas engine is that some of its largest competitors such as the Dodge Challenger and Chevrolet Camaro are expected to go electric. If they do that will leave the Mustang as nearly the only choice for consumers who are seeking a more traditional muscle car.

In addition, Ford’s Mustang Mach-E, which is an all-electric version of the traditional mustang, has had so much success throughout the United States that Ford has actually become the second best-selling brand of EVs in the country. This has given the company the wiggle room to continue to explore gas-powered alternatives for the time being.

Source: CNBC