An anonymous reader writes: Today at the Flat Rock Assembly Plant, Ford Motor Company CEO Mark Fields unveiled a large-scale electric vehicle initiative that will run through the company's next five years. Ford plans to invest $4.5 billion in electric vehicle production by 2020, and the company said it will produce 13 new electric vehicles, including a Mustang, an F-150, police cars, and a Transit Custom van. Additionally, Fields revealed that Ford would be canceling a previously announced $1.6 billion-production facility in Mexico. Instead, the company wants to invest $700 million in the existing Flat Rock facility, generating 700 new jobs focused on EV and autonomous initiatives at that location, according to Ford. Ford described seven of the 13 upcoming EVs during its press conference today. The F-150 Hybrid will be available by 2020 in North America and the Middle East, and Fields noted it'll be powerful enough to stand-in for on-site generators in a pinch. The Mustang Hybrid will deliver "V8 power and even more low-end torque" according to Ford; it too is intended for a 2020 release. Generally, electric motors are well suited to applications where you want a lot of immediate torque, so their presence should work well in a light duty truck like the F-150. Among the other notable vehicles highlighted, Ford is planning a fully electric small SUV that can "deliver an estimated range of at least 300 miles" by 2020. The company also wants to produce an autonomous vehicle "designed for commercial ride hailing or ride sharing" in North America by 2021.