Ford has announced that it’s new electric SUV will be a member of the Mustang family.

Officially called the Ford Mustang Mach E, this new electric SUV will debut Nov 17th at 9 pm Eastern.

Little is known about this car so far, but it’s expected to get as much as 400-hp and a range of 300 miles. Better yet, it could cost just $40,000. That would definitely make it an attractive proposition.

Order books will open on the 17th, with Ford accepting fully refundable $500 deposits to reserve your space in line.

You can watch the live stream right here:

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