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Ford releases fully electric, sub $50k Explorer SUV…in the wrong market

Ford finally took the sheets off its new mid-size electric SUV, a tribute to the automaker’s best-selling Explorer. The fully electric Explorer, built on Volkswagen’s MEB platform, is expected to start at less than $50,000 (€45,000).

The American automaker had a big year in 2022 after selling 61,575 EVs in the US and becoming the second largest EV maker in the states behind Tesla.

However, Ford is looking to carry its success overseas with a new generation of fully electric vehicles.

Ford partnered with Volkswagen in 2020 to use the German automaker’s modular electric drive matrix (MEB) electric vehicle platform with plans to launch two fully electric vehicles and help expand its position in Europe.

Ford’s current EV passenger car lineup consists of the F-150 Lightning and Mustang Mach-E, two remakes of some of the company’s most iconic brands. Now, Ford is reinventing another classic.

After teasing its newest mid-size SUV based on VW’s MEB platform for several months with the hashtag “#ExploringReinvented,” Ford finally unveiled the new, all-electric Ford Explorer Tuesday.

Ford-electric-Explorer-SUV-1
electric Ford Explorer (Source: Ford)

Meet the fully electric Ford Explorer SUV

Ford took the iconic American SUV known for its durability and ability to be the everyday vehicle and unleashed a bold reinterpretation for the modern, electric era.

The new five-seat family SUV combines American design with top-notch German engineering resulting in a futuristic, stylish mid-size crossover. There won’t be a 7-seater offered, at least initially, in what would appear to be a missed opportunity.

Ford says its new electric SUV is fully equipped for family road trips with a supersized movable touchscreen, around 470 liters of storage, and advanced driver assistance technology.

Ford-electric-Explorer-SUV-2
electric Ford Explorer (Source: Ford)

The new Explorer will be the first model to be built at scale at Ford’s new Cologne EV facility in Germany.

Martin Sander, GM of Ford Model E Europe, commented on the release, saying:

Explorer is a trailblazer for a new breed of exciting Ford electric vehicles. Steeped in our American roots but built in Cologne for our customers in Europe, it is road trip-ready for the big adventures and fully loaded with everything our customers will need for their daily drives.

The electric SUV will come in two different trims – the Explorer and Explorer Premium, with the base level expected to start at less than €45,000 (roughly $48,500). In addition, it will be available in rear-wheel and all-wheel drive variants.

Ford-electric-Explorer-SUV-3
electric Ford Explorer (Source: Ford)

Ford says you will be able to charge the vehicle from 10 to 80% in just 25 minutes with access to 500,000 charging stations next year across Europe.

Top comment by Jon Snow

Liked by 31 people

Ford is in the same boat as every other car maker in that they can only do so much y/y. Since Europe is shifting to BEVs faster, Ford needs to be more aggressive in that market lest they lose too much market share. All legacy OEMs need to make sure they increase BEV production faster than they lose their ICE sales .. and that is happening fast in Europe.

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The new EV is part of Ford’s push into the European EV market with plans to become an all-electric brand by 2035, including nine electric vehicles in its lineup. Ford plans to sell 600,000 EVs annually in Europe by 2026, and the electric Explorer will play an integral role in getting there.

Electrek’s Take

Ford’s new mid-size electric Explorer embodies both the automaker’s roots and what it strives to become in the future with a clean aerodynamic design and modern features.

The only thing wrong with the vehicle is the market where it’s launching. Although an electric Explorer will likely sell in Europe, it would more than likely be a huge hit in the US. Just look at the hype the Kia EV9 and EV5 are getting while people are chomping at the bit for a Rivian R1S. The Explorer is already one of Ford’s best-selling cars in the States. Why wouldn’t they bring it over…or more realistically make one here?

What do you think? Should Ford launch the electric Explorer in the States, too? Maybe with enough interest, Ford will reconsider.

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Avatar for Peter Johnson Peter Johnson

Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising