Electric cars: number of models available will soon hit 100

After having combed the press releases from car manufacturers, the magazine Automotive News reported that by 2022, there will be close to 100 different electric car models on the road.

Several companies are leading the charge but most notably Ford. The American carmaker plans to spend US$11 billion dollars on a slew of new products, starting with an electric car inspired by the Mustang, which is expected to come out in 2020. The company hopes to have 40 hybrids and electric cars on the market by 2022.

General Motors and Nissan have ambitious plans too. GM aims to come out with more than 20 new electric cars by 2023, while Nissan aims to come out with eight new electric cars in the same amount of time and to make the bulk of their Infinity line electric by 2021. Mercedes-Benz, Audi, BMW and Volkswagen also have projects in the works: expect to see new hybrid or electric models from these companies in the near future.

A number of smaller companies are also putting their hat in the ring. For instance, the American start-up Faraday Future will start manufacturing the “ultra-luxury” electric vehicle it unveiled this year. And another American company, Lucid Motors, is planning to launch a 1000-hp luxury sedan with a 400-mile range in 2020 (thanks to a one billion dollar investment from Saudi Arabia it received last year).