Mustang Hybrid among 13 new electric Ford cars that will soon be a reality

Ford is building 13 new electric cars, including groundbreaking models like an F-150 Hybrid pick-up, a 300-mile electric SUV and a hybrid Mustang. Seven of the new models will be released by 2020, the company announced on Tuesday. Ford is currently investing $700 million toward creating new eco-friendly cars like two electrified police vehicles. It's all part of a larger $4.5 billion effort to produce more EV models in the next couple years. But the automaker is making some other big changes, too. SEE ALSO: Ford's new self-driving Fusion looks like a actual car During a press conference on Tuesday, Ford's chief executive, Mark Fields, said the company is cancelling plans for a new $1.6 billion plant in San Luis Potosi, Mexico and adding 700 jobs to its assembly plant in Flat Rock, Michigan.